626 Oakenwald Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1,102 sqft home, built in 1950, sits on a 5,068 sqft lot in the Wildwood neighbourhood of Winnipeg. Its assessed value is $398,000.

What stands out here is the contrast between street-level value and neighbourhood context. On Oakenwald Avenue, the home ranks in the top third for assessed value (37th out of 113 homes), meaning it’s priced above many of its immediate neighbours. Yet within the broader Wildwood area, both its living area and land size fall well below average—the neighbourhood average lot is nearly double this one (9,032 sqft vs. 5,068 sqft). That pattern suggests this property is one of the more modest homes in an established, likely higher-end pocket. Citywide, it sits comfortably in the middle range for size and value.

The appeal lies in buying into a desirable street and neighbourhood at a lower price point than many surrounding homes. You’re not getting the largest lot or the newest build, but you’re getting a foothold in a location where the baseline is higher. This suits buyers who prioritize the street and neighbourhood over square footage or a large yard—first-time buyers who want to be in an area they might not otherwise afford, or someone looking for a smaller home in a mature, established community without paying a premium for land they won’t use.

Five Frequently Asked Questions

1. How does this home’s assessed value compare to others nearby?
On Oakenwald Avenue, the average assessed value is $380,400, so this home is slightly above that at $398,000. But the Wildwood neighbourhood average is $568,200—significantly higher. So while it’s a good deal for the street, it’s well below the neighbourhood norm.

2. Is the living area considered small for this area?
Yes, at 1,102 sqft it ranks in the bottom 11% of Wildwood homes (335th out of 377). The neighbourhood average is 1,657 sqft. However, it’s close to the citywide average of 1,342 sqft, so it’s not unusually small for Winnipeg as a whole.

3. How old is the house, and is that typical for the area?
It was built in 1950, which is very typical for Oakenwald Avenue (average 1949) and for Wildwood (average 1950). Citywide, the average is 1966, so it’s older than much of Winnipeg—but right in line with its immediate surroundings.

4. What’s the lot size, and is it usable for a garden or expansion?
The lot is 5,068 sqft. That’s smaller than the Oakenwald Avenue average (5,945 sqft) and significantly smaller than the Wildwood average (9,032 sqft). It’s a modest city lot—fine for a garden, patio, or small shed, but not generous for major additions or large outdoor structures.

5. How does this property rank overall compared to others in Winnipeg?
Citywide, it’s around average for living area (top 60%) and assessed value (top 39%), and slightly below average for year built (top 72%). The land area is also average citywide (top 53%). In short, it’s a middle-of-the-pack home in most respects—except within its own neighbourhood, where it’s on the smaller, more affordable end.