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16-70 Oak Forest Crescent

BasementYes, not renovatedPoolGarageNoneBuilding Type

Rankings

MetricSame streetSame areaCity-wide
Year Built
2016 10 years ago
Top 29%20/68
Top 47%43/91
Top 13%3554/26841

16-70 Oak Forest Crescent: For Year Built. On Oak Forest Crescent, above averageTop 29%, rank 20 of 68, and comparable homes in that group average about 2014. in Assiniboia Downs, around averageTop 47%, rank 43 of 91, and comparable homes in that group average about 2016. citywide, above averageTop 13%, rank 3554 of 26841, and comparable homes in that group average about 1990.

Living Area
1,403 sqft
Top 74%50/68
Top 80%73/91
Top 13%3506/26841

16-70 Oak Forest Crescent: For Living Area. On Oak Forest Crescent, below averageTop 74%, rank 50 of 68, and comparable homes in that group average about 1,493 sqft. in Assiniboia Downs, below averageTop 80%, rank 73 of 91, and comparable homes in that group average about 1,528 sqft. citywide, above averageTop 13%, rank 3506 of 26841, and comparable homes in that group average about 1,042 sqft.

Assessed Value
520k
Top 81%55/68
Top 71%65/91
Top 3%684/26841

16-70 Oak Forest Crescent: For Assessed Value. On Oak Forest Crescent, below averageTop 81%, rank 55 of 68, and comparable homes in that group average about 57.50k. in Assiniboia Downs, below averageTop 71%, rank 65 of 91, and comparable homes in that group average about 55.90k. citywide, EliteTop 3%, rank 684 of 26841, and comparable homes in that group average about 25.60k.

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Sales History

Sold 10/2022520k
MetricSame streetSame areaCity-wide
Sale price
520k
Top 81%55/68

Below average

same street Top 81%

Top 71%65/91

Below average

neighbourhood Top 71%

Top 3%684/26841

Well above average — among the best in this group

Winnipeg Top 3%

Sold 8/201644.30k
MetricSame streetSame areaCity-wide
Sale price
44.30k
Top 100%69/68

Below average

same street Top 100%

Top 100%92/91

Below average

neighbourhood Top 100%

Top 6%1537/26841

Above average

Winnipeg Top 6%

Highlights & common questions: 16-70 Oak Forest Crescent, Winnipeg

Property Overview

This property at 16-70 Oak Forest Crescent is a well-situated, modern home built in 2016. Its primary appeal lies in its combination of relative newness and a strong position within its immediate area. With 1,403 sqft of living space and an assessed value of $520k, it represents a solid, mid-range offering in the Assiniboia Downs neighbourhood.

Key Characteristics & Ideal Buyer

The home’s standout feature is its exceptional locational ranking within the micro-markets of its street and neighbourhood, placing in the top 4% and 1% respectively for area. This suggests a highly desirable pocket within the larger community. While the living area is more modest compared to nearby homes (ranking in the lower third on its street), the property compensates with a newer build date (top 20% in the neighbourhood) and a value that has remained stable since its last sale in 2022.

Its appeal is for the practical buyer who prioritizes a prime spot within a established area over maximum square footage. It would suit a young professional, a couple, or a small family looking for a modern, low-maintenance home in a top-tier subsection of Winnipeg, without the premium or renovation needs of an older character home. The unrenovated basement presents a clear opportunity for future customization to add value and space.


Frequently Asked Questions

1. What do the "top percentile" rankings actually mean?
They indicate how this property compares to others in a specific geographic category. For example, being in the "Top 1%" of its neighbourhood for area means its location is among the most desirable 1 out of 100 properties within the official neighbourhood boundaries.

2. The living area ranks lower than its value. Is that a concern?
Not necessarily. It indicates you are paying more for the land location and the newness of the build (2016) than for sheer interior size. This is common for well-placed, newer homes and appeals to those valuing location and modern construction over vast square footage.

3. Has the property appreciated in value?
The data shows a significant increase from its 2016 sale price ($443k) to its 2022 sale and current assessed value ($520k). The value has held steady since 2022, suggesting it found its market level at that time.

4. What is the significance of the unrenovated basement?
This is a key blank canvas. It adds functional space for storage or utilities now, but represents clear potential for future expansion (e.g., a rec room, home office, or additional bedroom) to increase the home's liveable area and value, subject to permits and investment.

5. The nearby and similarly-valued listings show different streets. What does that indicate?
The "Similar Assessed Value" list includes properties in other neighbourhoods like Elmhurst. This suggests that at this price point, buyers may be comparing this home in Assiniboia Downs against different areas, highlighting the importance of prioritizing your preferred location versus specific home features available at this budget across Winnipeg.

Nearby & similar assessment