424 Oakview Avenue

Property Overview: 424 Oakview Avenue, Winnipeg

Key Characteristics & Appeal

This is a well-situated, mid-century home in the Rossmere-B neighborhood that represents a practical entry into the Winnipeg market. Built in 1956, it is newer than many homes on its street and in the immediate area, which can be an advantage for systems and structure. With 942 sqft of living space and a 4,778 sqft lot, its size is very typical for Oakview Avenue, offering a manageable scale for upkeep.

The primary appeal lies in its established neighborhood setting and its valuation consistency. The home's assessed value of $305k aligns closely with averages for both the street and the broader Rossmere-B area, suggesting it is priced appropriately within its local context. Notably, it sits well below the city-wide average assessed value, indicating a more accessible price point compared to many parts of Winnipeg. Its last known sale was between $200k-$250k in early 2020.

This property would suit first-time buyers or downsizers looking for a straightforward, no-frills home in a mature community. It’s a sensible choice for those who prioritize location and lot size over square footage, and who see value in a home that is statistically average for its specific block—often a marker of stability and predictability rather than standing out as an outlier.

Frequently Asked Questions

1. How does the living area compare to nearby homes?
At 942 sqft, the living area is slightly below the averages for both Oakview Avenue (1,027 sqft) and the Rossmere-B neighborhood (1,047 sqft), but ranks solidly in the top half of homes on the street. It offers a compact, efficient layout typical of its era.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $305k is a municipal valuation for tax purposes. It is very close to the street and neighborhood averages, providing a reliable benchmark. However, market conditions, the home’s specific condition, and recent upgrades will ultimately determine the sale price.

3. What does the year built tell us about the property?
Built in 1956, this home is newer than most on its street (average year built 1950) and in Rossmere-B (average 1955). This can be a positive, suggesting potentially newer foundational materials and systems compared to immediate neighbors, though a full inspection is always recommended.

4. How does the lot size impact the property's value?
The lot of 4,778 sqft is average for Oakview Avenue but below the Rossmere-B neighborhood average. It provides a decent outdoor space typical for the street, which may be more important for value here than comparing to larger lots elsewhere in the area.

5. Where can I find verified past sale prices for this home?
The site indicates a sale occurred between $200k-$250k in January 2020. For fully verified and exact historical transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS.