Property Overview: 358 Oakview Avenue, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This Rossmere-B home is a practical, no-frills property that represents an accessible entry point into Winnipeg’s housing market. Built in 1951, its 890 sqft living area is modest, consistently ranking below average in size compared to its street, neighborhood, and the wider city. This smaller footprint translates to a correspondingly lower assessed value of $293k, which is around average for Oakview Avenue but sits below area and city averages, suggesting a price point that reflects its scale.
The appeal lies in its relative affordability and efficiency. The lot size, while below average for the immediate area, is near the citywide average, offering a manageable outdoor space without excessive upkeep. Its value proposition is clear: it’s a home for those prioritizing financial accessibility over square footage. This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a straightforward, lower-maintenance asset. It’s for someone who views a home as a functional foundation rather than a statement, and who may see potential in the lot itself or in thoughtful, efficient renovations to maximize the existing space.
Section 2: Frequently Asked Questions
1. Is the price fair for the size?
Based on the data, the assessed value is proportionate. The home is priced below neighborhood and city averages, which aligns directly with its below-average living area. You are effectively paying for a smaller, more efficient property.
2. What does the sold price history indicate?
Records show it last sold between $250k-$300k in mid-2019. This suggests the current assessed value of $293k is in line with its recent market activity, indicating stable, gradual appreciation in its price range.
3. How does it compare to neighbors?
The home is typical for its street in age and value, but is generally smaller in both living space and lot size than many nearby properties. This can be an advantage for lower utility costs and maintenance, but means less interior room.
4. Is there room for expansion?
The lot, while not oversized, is near the city average. Whether expansion is feasible would depend heavily on specific zoning bylaws, setback requirements, and the condition of the existing structure. It’s a question for a qualified contractor or city planner.
5. How can I get the exact past sold prices?
The site notes that due to industry rules, exact MLS sold records are not displayed. You can request the exact figures via email from the provider for a manual lookup, which they state they will provide without using your email for marketing.