Property Overview: 209 Oakview Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a specific value proposition centered on affordability and simplicity. Its key characteristic is its compact size, with a living area of 712 sqft, which is notably smaller than most homes on its street, in the Rossmere-B neighbourhood, and across Winnipeg. Built in 1921, it is also one of the older homes in the area. The lot is modest at 3,451 sqft. The current assessed value of $273k is below local averages, reflecting these metrics.
The appeal lies in its position as a lower-cost entry point into a stable neighbourhood. It suits first-time buyers, downsizers, or investors seeking a straightforward, manageable property without the upkeep of a larger home or yard. A thoughtful perspective is that its smaller physical footprint can translate to lower utility costs, less maintenance time, and a simpler lifestyle. Its sale history shows significant value appreciation between 2020 and 2022, suggesting it has been an effective wealth-building asset for previous owners despite its size.
Section 2: Frequently Asked Questions
1. Is this a "fixer-upper" or a move-in ready home?
The listing does not specify condition. Given the age (1921) and the value-focused price point, a prospective buyer should budget for a thorough inspection to assess the state of major systems like wiring, plumbing, and the foundation, which are common considerations in homes of this era.
2. Why is the assessed value lower than the neighbourhood average?
The assessed value is directly correlated to the home’s smaller square footage, older age, and modest lot size compared to peers. It is priced for what it is—a compact, older home—rather than for the neighbourhood's average offerings.
3. What are the realistic living space expectations?
With 712 sqft, the layout is likely efficient. It would suit a single person, a couple, or potentially a very small family comfortable with cozy quarters. It is not comparable to the space of a typical detached family home in Winnipeg.
4. The sold price jumped significantly between 2020 and 2022. Does that mean it's a good investment?
While past performance is positive, it does not guarantee future results. That jump coincided with a historically hot market. Its future value will depend on broader market conditions, the upkeep of the property, and how its unique characteristics (small size, older age) are valued over time.
5. How can I get the exact past sale prices instead of the displayed ranges?
The site notes that due to industry rules, exact MLS sale figures are not displayed publicly. You must request them directly via the email link provided on the listing page for manually verified data.