Property Overview: 518 Oakview Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,024 sqft bungalow on a 5,144 sqft lot in Rossmere-B presents a solid, established home in a neighbourhood of similar properties. Built in 1956, it is newer than many on its street and in the immediate area. Its primary appeal lies in its strong positional value within a stable context. The assessed value of $335k is notably above the street and neighbourhood averages, suggesting the property is well-regarded relative to its direct peers, even while being more modest in size compared to the Winnipeg citywide average.
The home would suit a first-time buyer or downsizer looking for a manageable footprint in a mature, no-surprises neighbourhood. Its above-average lot size for the street offers good outdoor space potential. A thoughtful perspective is that this property represents a "known quantity" – its value and characteristics are consistently strong within its immediate micro-market (the street and Rossmere-B), offering a sense of security, even if it isn't a standout in the broader city. The sales history shows steady appreciation, indicating a reliable investment in its locale.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,024 sqft, the living area is very close to the average for both Oakview Avenue (1,027 sqft) and the Rossmere-B neighbourhood (1,047 sqft). It is, however, comfortably smaller than the Winnipeg city average.
2. Why is the assessed value higher than the neighbourhood average?
The assessed value of $335k ranks in the top 23% for Rossmere-B, against an average of $311.9k. This premium likely reflects a combination of the home's newer build year (relative to the area), its larger-than-average lot for the street, and its specific condition and features.
3. What is the property’s sales history?
Public records show two sales: one between $300k-$350k in May 2019, and a prior sale between $200k-$250k in June 2017. Exact figures require a manual lookup from the provider.
4. Is the lot size a significant feature?
Yes. The lot of 5,144 sqft is above the street average (4,714 sqft), ranking in the top 14% on Oakview Avenue. This provides more yard space than many direct neighbours.
5. How can I get verified, exact sold prices for this home?
The displayed data is from public sources, not the MLS. For fully verified exact sale figures and a complete transaction history, you must request a manual lookup via email from the data provider, SaveOnHouse.