Property Overview: 529 Oakview Avenue, Winnipeg
Key Characteristics & Appeal
This 1,024 sqft bungalow, built in 1955, presents a solid, no-fuss home in the Rossmere-B neighborhood. Its primary appeal lies in a standout, generous lot. At nearly 6,500 sqft, the land area is exceptionally large for the street (ranking in the top 1%) and is above average for both the neighborhood and the city. This offers significant outdoor space for gardening, recreation, or future expansion that is uncommon for homes of this era and price point.
The home itself is modestly sized, slightly below the city average for living space, but is competitively positioned within its immediate area. Its assessed value of $324k is above the street average, suggesting the property is viewed favorably relative to its closest peers, likely due to the lot size. It suits practical buyers looking for value in a established neighborhood—first-time homeowners, downsizers, or investors seeking a property with land potential. It’s a home where the real estate adage "buy the worst house on the best street" could be adapted to "buy an average house on a larger-than-average lot."
Frequently Asked Questions
1. How does the 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 neighborhood (1,047 sqft). It is, however, noticeably smaller than the Winnipeg citywide average for comparable homes.
2. Why is the assessed value higher than the street average?
The assessed value of $324k is above the street average of ~$300k. This is likely attributable to the property’s exceptionally large lot size, which is a key factor in municipal valuation.
3. What is the significance of the lot size?
The lot of 6,496 sqft is a major feature. It ranks in the top 1% on Oakview Avenue and is well above the neighborhood average. This provides ample private outdoor space and could offer more flexibility for additions, decks, or landscaping than typical properties in the area.
4. Can I see the exact historical sale price?
The site shows the home sold between $250k-$300k in October 2016. To obtain the exact sale price and full transaction history, you must request a manual lookup via email, as this information is not sourced from the MLS.
5. How does the age of the home compare?
Built in 1955, it is newer than the average home on its street (avg. 1950) and on par with the neighborhood average. This suggests the home may have fewer of the foundational concerns associated with much older properties, though a thorough inspection is always recommended.