Property Overview: 575 Oakland Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 575 Oakland Avenue in the Rossmere-A neighborhood presents a solid, mid-century property with clear strengths in its immediate context. Built in 1958, it features 1,073 sqft of living space on a notably generous 5,824 sqft lot. Its primary appeal lies in its strong standing within its own street and its value as a stable, established property.
- Key Characteristics: The property's assessed value for taxes ($337,000) and living space are both above average for Oakland Avenue, placing it in the top 20% of the street. The lot size is also larger than most on the block. While these metrics are closer to the average when viewed across the wider Rossmere-A community or city, it indicates this is a comparatively strong performer on its specific street.
- Where Its Appeal Lies: The appeal is grounded in established neighborhood character and space. The lot offers ample outdoor room for gardening, play, or expansion, which is a valuable asset. For a buyer, it represents a home that outperforms many of its direct neighbors in key metrics, suggesting a good degree of privacy and a solid foundation. Its recent estimated sale price (between $300,000-$350,000 in late 2024) aligns with the stable, mid-range market in the area.
- Ideal Buyer Profile: This home would suit a practical buyer looking for a character home in a mature neighborhood, who values a larger yard over a brand-new build. It’s well-suited for first-time homeowners or downsizers seeking a manageable-sized house without sacrificing outdoor space. It appeals to those who appreciate a home’s standing relative to its immediate surroundings, not just city-wide averages.
Section 2: Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows this property consistently ranks above the street average for Oakland Avenue in living space, lot size, and assessed value. Compared to the broader Rossmere-A community, it is very close to average across these categories, meaning it's a representative and competitive property within the larger neighborhood.
2. What does the 1958 build year mean for me?
Homes from this era often feature sturdy construction and simple, functional layouts. Buyers should budget for potential updates to major aging components like the roof, windows, plumbing, or electrical systems, and consider an inspection to assess their current condition.
3. Is the assessed value the same as the market value?
Not exactly. The assessed value ($337,000) is used for calculating property taxes and is an administrative estimate. The market value is what a buyer is willing to pay, which the recent sale data suggests was in the $300,000-$350,000 range. Consulting a local realtor for a current market analysis is recommended.
4. The lot is large for the street. What are the possibilities?
The 5,824 sqft lot is a significant feature, offering more privacy and space than many neighbors. This allows for larger gardens, recreational space, or future potential like a shed, deck, or even an addition, subject to local zoning and permit regulations.
5. How can I get the exact historical sale price?
The public data shows a sale price range. For precise sale history and data, the listing indicates you must register on the site or contact the provided email for a manual records search, as they do not have direct access to the full MLS transaction database.