Property Overview: 514 Oakview Avenue, Winnipeg
Key Characteristics & Appeal
This 1956 bungalow at 514 Oakview Avenue in Rossmere-B presents a solid, value-conscious opportunity in the Winnipeg market. Its primary appeal lies in its balance of a generous lot and a manageable, efficiently sized home. At just under 1,000 sqft, the living space is typical for the immediate street and neighborhood, making it a practical, low-maintenance footprint. The standout feature is the 5,717 sqft lot, which ranks in the top 4% on Oakview Avenue, offering significantly more outdoor space than most direct neighbors—a rare find for the area.
The home suits first-time buyers or downsizers seeking an established, no-fuss neighborhood without a premium price tag. Its assessed value aligns squarely with the street average, suggesting it’s priced fairly within its micro-market. For a buyer, the value proposition isn’t about size or luxury, but about securing a proportionally large yard in a stable area at a city-wide price point that sits comfortably below Winnipeg’s average. It’s a home that offers room to breathe and garden, with the house itself representing a straightforward canvas for gradual updates.
Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The home’s assessed value of approximately $300k is right at the average for Oakview Avenue and slightly below the average for the broader Rossmere-B neighborhood. It recently sold within the $300k-$350k range, placing it in the top third of sales for the area, indicating a strong, competitive local market.
2. Is the house smaller than average?
Within the city of Winnipeg, yes—the living area is below the city-wide average. However, for the Rossmere-B neighborhood and specifically for Oakview Avenue, the size is very typical and on-par with most comparable homes nearby.
3. What is the significance of the large lot size?
The lot is a key asset. It’s over 1,000 sqft larger than the average lot on Oakview Avenue, offering exceptional outdoor space for gardening, recreation, or future expansion like a shed or deck, which is uncommon for homes of this vintage and price point in the area.
4. The home was built in 1956. What should I consider?
While newer than many homes on its street, a 1956 build means potential for original plumbing, electrical, or insulation. It’s advisable to have a thorough inspection. On a positive note, its construction date is above average for the immediate area, suggesting it may be relatively younger than many neighboring properties.
5. How can I verify the exact recent sale price?
The public data shows a sale in April 2024 within a $50k range. To obtain the exact, verified sale price and full history, you must request a manual lookup from the site via email, as they do not display MLS-sourced sold data directly on the page.