593 Oakland Avenue

Property Overview

593 Oakland Avenue presents a solid, mid-century home in Winnipeg's Rossmere-A neighborhood. Built in 1960, this property offers a balanced profile that sits comfortably above average for its immediate street while aligning closely with broader area norms. Its appeal lies in its established location, generous lot size, and a sense of relative value compared to city-wide averages.

Key Characteristics & Ideal Buyer

This 1,051 sqft home sits on a 5,832 sqft lot, which is notably larger than many on Oakland Avenue. Its municipal assessed value of $338,000 ranks within the top 16% on its street, suggesting it is perceived as a well-maintained or favorably positioned property in its micro-market. The home’s age (1960) is newer than most on its street, potentially indicating fewer concerns associated with the very oldest homes in the area.

The appeal is grounded in stability and space. It’s a property that outperforms its direct neighbors in key metrics like lot size, assessed value, and age, offering a slight edge within a familiar, established community. For the city as a whole, it represents a more affordable entry point, with its assessed value below the Winnipeg average.

This home would suit a practical, value-oriented buyer—perhaps a young family or a downsizer—who prioritizes a spacious yard and a stable, established neighborhood over a brand-new build. It’s for someone who sees the merit in a home that stands a bit above its immediate peers without a premium city-wide price tag.

Frequently Asked Questions

1. How does this home’s value compare to recent sales?
Based on available data, a home on this street sold in the $350,000-$400,000 range in early 2022. The current assessed value of $338,000 provides a benchmark, but a professional appraisal and market analysis are needed to determine today’s fair market value.

2. Is the lot size a significant advantage?
Yes. At 5,832 sqft, the lot is about 8% larger than the street average. This offers more outdoor space for gardening, play, or expansion, which is a tangible asset not found in every home in this area.

3. The home was built in 1960. What should I consider?
While newer than many homes on the street, a 1960s build still requires a careful inspection of its core systems: roof, wiring, plumbing, and foundation. Its age also suggests potential for original features that may need updating.

4. What do the ranking percentiles actually mean?
They show how this property stacks up against others. For example, being in the “top 16%” for assessed value on its street means it’s valued higher than 84% of its closest neighbors, which can indicate better condition or a more desirable location on the block.

5. How can I get precise historical sale prices?
The provider notes that due to industry restrictions, precise MLS sale history is not published online. They offer to manually retrieve and email accurate transaction records upon request, at no cost and with a promise of no marketing spam.