630 Oakenwald Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1,061-square-foot home, built in 1949, sits on a 7,019-square-foot lot in Winnipeg's Wildwood neighbourhood. The property's standout feature is its land: the lot is significantly larger than average for its street (ranked in the top 17%) and citywide (top 17%), though it falls below the Wildwood neighbourhood average. The house itself is compact compared to nearby homes—living area ranks in the bottom quarter on the street and bottom 10% in the neighbourhood. Assessed value reflects this: $346,000, notably below both the street average ($380,400) and the Wildwood average ($568,200), but close to the citywide median for comparable homes ($390,100).
The appeal here is mostly about the lot and location, not the house size. A buyer gets a mid-century home on generous land in an established neighbourhood, at a price point well below the local average. This property would suit someone looking for a project: a renovator who wants to expand the existing footprint, or a buyer willing to accept a smaller living area in exchange for outdoor space and a quieter, tree-lined street. It may also appeal to someone who values the 1949 character (neighbourhood-wide, the age is typical) and wants to be in Wildwood without paying the premium for a fully updated or larger home. It's less suited to those needing modern square footage or wanting a move-in-ready property with no trade-offs.
Frequently Asked Questions
1. How does the assessed value compare to what I'd actually pay?
The assessed value of $346,000 is a baseline used for property taxes, not a market price. Given that the home is below the street and neighbourhood average in both size and assessed value, the final sale price will depend on condition, renovations, and how buyers value the large lot. Listings in similar situations often sell closer to or slightly above assessed value if the lot is desirable.
2. Is the living area accurate, and can I add square footage?
The 1,061 square feet is the recorded living area for the house as it stands. Because the lot is larger than average for the street (7,019 sqft vs. 5,945 sqft avg), there may be room for an addition, but you'd need to check zoning setbacks, lot coverage limits, and whether the neighbourhood has any heritage or design guidelines. Wildwood has some older homes with character designations, so it's worth confirming before planning major changes.
3. How old are the mechanicals and major systems?
That information isn't included in the data here. The year built is 1949, so if the electrical, plumbing, roof, or furnace are original, they'd be nearing—or past—their expected lifespan. A home inspection and seller disclosure are the only reliable ways to know.
4. Why is the neighbourhood average value so much higher than this home's value ($568k vs. $346k)?
The large gap reflects that this home is on the smaller, more modest end of the Wildwood market. The neighbourhood includes a mix of larger, updated, and higher-valued properties. This home ranks near the bottom (top 99%) in assessed value among comparable homes in the area, which means most neighbouring homes are worth significantly more—likely due to larger living areas, renovations, or both.
5. What does "ranked #83 out of 113" on the street actually mean for resale?
It means this home has the 83rd smallest living area out of 113 comparable homes on Oakenwald Avenue. On resale, smaller homes on a street of larger ones can sell for less per square foot, but the large lot can offset that. The key is finding a buyer who values land over finished space—someone planning to renovate, build an addition, or simply wants a yard that's hard to find on smaller lots.