Property Overview: 507 Oakview Avenue, Winnipeg
Key Characteristics & Appeal
This 1955 home in Rossmere-B offers a practical, grounded opportunity in the Winnipeg market. Its primary appeal lies in its balance of a generous lot and a manageable, efficient footprint. At 936 sqft, the living space is typical for the immediate street and neighborhood but sits below the citywide average, positioning it as a more affordable, lower-maintenance option. The standout feature is the 5,496 sqft lot, which is significantly larger than most on Oakview Avenue, offering valuable outdoor space and potential.
The home’s assessed value of $287k is below both neighborhood and city averages, suggesting a relatively accessible entry point. It last sold between $250k-$300k in 2016. This profile suits first-time buyers seeking a starter home with room to grow outdoors, downsizers looking to reduce living space without sacrificing yard size, or value-oriented investors attracted to a stable, established area. It’s a property where the land may hold more long-term value than the structure itself, appealing to those who see potential beyond the current floor plan.
Frequently Asked Questions
1. Is the house smaller than average?
Yes. At 936 sqft, it is below the Winnipeg city average for comparable homes. However, it is very much in line with the typical size found on Oakview Avenue itself, reflecting the character of this specific street.
2. What is the significance of the large lot?
The lot is over 5,400 sqft, placing it in the top 6% on this street for land area. This is a less obvious advantage, providing more privacy, gardening space, and future expansion potential than most neighboring properties.
3. How does the assessed value compare?
At $287k, the assessment is below the averages for both the Rossmere-B neighborhood and Winnipeg as a whole. This can indicate a more affordable tax base and may reflect the home’s smaller size, though it’s around average for the immediate street.
4. Can I find out the exact past sale price?
The public data shows a sold price range of CA$250k–300k for November 2016. Due to data source rules, obtaining the exact figure requires a manual lookup request through the website, which is provided via email.
5. What are the nearby homes like?
The immediate area consists primarily of homes built in the 1950s with similar assessed values and living areas, indicating a consistent, established streetscape. A few newer or renovated homes on the street, like one built in 1984, show higher values, hinting at the potential impact of updates.