Property Overview: 231 Oakview Avenue, Winnipeg
Key Characteristics & Appeal
This 2021-built home at 231 Oakview Avenue in Rossmere-B stands out for its modern construction and above-average interior space within an established neighborhood. With 1,400 sqft of living area, it ranks in the top 10% on its street and top 6% in the wider neighborhood, offering more room than most nearby homes. Its assessed value of $385k is notably higher than area averages, placing it in the top 4% locally, which reflects its newer condition and desirability.
The primary appeal lies in acquiring a like-new home without the typical wait and uncertainties of new construction, set in a mature area with settled amenities. It perfectly suits buyers seeking modern building standards, energy efficiency, and minimal immediate maintenance, but who prefer a traditional neighborhood setting over a new subdivision. A thoughtful perspective is the trade-off: while the home itself is elite in its locale for newness and size, the lot is significantly smaller than area norms. This makes it ideal for those who prioritize interior space and a low-maintenance yard, but less suitable for those wanting extensive outdoor space for gardens or expansions.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
The land area is below average for the street and neighborhood. This typically means a more manageable yard with lower maintenance, but less private outdoor space and limited potential for additions like a large deck or garage expansion.
2. The assessed value seems high for the area. Why?
The assessed value ranks in the top 4% locally because it is a nearly new home (2021) in an area where most homes were built in the mid-20th century. Assessments factor in the modern construction, materials, and systems, which command a premium compared to older, neighboring properties.
3. What does the sold price history indicate?
Records show it sold in April 2022 for an estimated $450k-$500k, placing that price in the top 2% for the area at that time. This supports the trend of newer homes in this area commanding a significant price premium.
4. Is this a good option for future resale?
Its modern features are a lasting asset in an older neighborhood. However, its value proposition is specific: it will likely always appeal to buyers wanting a newer home in that location, but its smaller lot size may not appeal to all buyers in the broader market.
5. How can I get the exact past sold price?
The site provides estimated price bands. For fully verified, exact sale figures from the transaction history, you must request a manual lookup via email, as MLS data is not displayed here due to industry regulations.