Property Overview: 542 Oakview Avenue, Winnipeg
Key Characteristics & Appeal
This 1955-built home in Rossmere-B offers a practical, grounded opportunity. With 936 sqft of living space, it sits comfortably within the averages for its immediate street and neighborhood, though it is more compact compared to the Winnipeg citywide average. Its primary appeal lies in its well-proportioned, above-average lot size of over 5,000 sqft for the street, offering valuable outdoor space and potential. The assessed value of $311k is aligned with neighborhood norms and presents a more accessible entry point compared to the higher citywide average.
This property would suit first-time buyers or downsizers seeking a manageable footprint in an established neighborhood without a premium price tag. Its appeal is one of practicality and proportionality—you’re acquiring a lot that stands out on the block, with a house that requires no excess maintenance for unused space. A thoughtful perspective is that homes of this era and size on larger lots can offer flexibility; the generous yard balances the modest interior, providing room for gardens, recreation, or future expansion, which is a growing priority for many.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 936 sqft, the living area is very typical for Oakview Avenue and the Rossmere-B neighborhood, ranking around the average. It is, however, notably smaller than the average Winnipeg home, which tends to be over 1,300 sqft.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $311k is a municipal valuation for tax purposes. Notably, a nearby comparable home at 569 Oakview Avenue (same size, built 1956) has an assessed value of $300k, suggesting this figure is in line. Market conditions and property specifics will determine the final sale price.
3. What does the sold price history indicate?
Records show it sold between $350k-$400k in August 2022, which placed it in the top 16% for the area at that time. This past sale suggests the property can command a value well above its current assessment, though past performance does not guarantee future results.
4. What are the less obvious advantages of this property?
The lot size is a significant asset, ranking in the top 16% on its street. For a home of this size, the land-to-building ratio is favorable, offering more private outdoor space than many neighbors. Additionally, being built in 1955 makes it newer than many homes on the street, potentially meaning updated infrastructure or materials.
5. How can I get verified, exact sale price information for this home?
The public data provided shows sold price ranges. To obtain fully verified, exact historical sale figures, you must request a manual lookup via email from the service, as this information is not sourced from the MLS and is not displayed directly on the site.