Property Overview: 17 Oakleigh Place, Varennes, Winnipeg
Section 1: Key Characteristics & Appeal
This 1928-built home on a 5,004 sqft lot presents a practical and value-oriented opportunity in the Varennes neighbourhood. Its key appeal lies in its efficient scale and relative positioning. At 788 sqft, the living area is notably compact compared to the Winnipeg average, which suggests lower utility costs and minimal upkeep—a genuine advantage for those seeking simplicity. The lot size is a standout feature on its street, offering above-average outdoor space for the immediate area, a valuable asset for gardening, recreation, or future expansion.
The home’s assessed value of $270k sits well below the city average, indicating a accessible entry point into the market. This profile suits first-time buyers, downsizers, or pragmatic investors looking for a manageable property without a premium for excess space. Its appeal is grounded in functionality and lot potential rather than size or modern finishes. A thoughtful perspective is that this home occupies a "middle ground" within its own community—it’s not the largest or most valuable on the block, but it holds its own, offering stability without the pressure of being the most expensive house on the street.
Section 2: Frequently Asked Questions
1. Is the smaller living area a significant drawback?
Not necessarily. While below the city average, the size is efficient and may align perfectly with a simpler lifestyle, resulting in lower heating, maintenance, and property tax costs. It encourages a more intentional use of space.
2. How does the assessed value affect my offer?
The assessed value is a municipal tool for calculating property taxes, not a direct market price. However, its position below neighbourhood and city averages suggests a potentially lower purchase price compared to many other homes, which can be advantageous for budgeting.
3. What does the 1928 build year mean for maintenance?
Homes of this era possess character but require diligent upkeep. Prospective buyers should prioritize a thorough inspection focusing on the foundation, roof, wiring, and plumbing to understand any needed updates or historical maintenance that has been performed.
4. The lot is above average for the street. What are the implications?
This is a key asset. It provides more private outdoor space than many neighbours and could allow for additions like a garage, shed, or deck, subject to local zoning bylaws. It offers a sense of roominess that the interior footprint does not.
5. How does this property rank in its immediate area?
The home presents a balanced profile on its street. It has a top-tier lot size (ranked 5th of 23) but a more modest living area (18th of 23). This indicates you’re purchasing a property with a strong outdoor advantage on a street where homes are generally of a similar vintage and value range.