36-70 Oak Forest Crescent

Property Overview: 36-70 Oak Forest Crescent

Key Characteristics, Appeal & Ideal Buyer

This well-maintained home, built in 2018, offers modern living in Winnipeg’s Assiniboia Downs neighbourhood. Its key feature is a renovated basement, adding valuable finished space to the 1,436 sqft layout. The property stands out for its exceptional location rankings; it sits in the top 1% of its immediate neighbourhood and the top 0% of all Winnipeg for lot area, suggesting a premium, spacious setting relative to its surroundings. While it does not include a garage or pool, its modern age and prime land position are significant assets.

The appeal lies in acquiring a relatively new build that requires minimal immediate work, coupled with the less obvious advantage of owning one of the largest properties in a desirable area—a combination that often supports long-term value. It would suit a buyer looking for a move-in ready home who prioritizes lot size and neighbourhood stature over features like a garage. It’s also a sensible match for those who appreciate a property with strong fundamental rankings (land, year built) within the broader city context, as seen in its top 5% ranking in Winnipeg for year built and top 8% for assessed value.

Frequently Asked Questions

1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A buyer should inquire about the quality of the renovation, whether it includes a legal secondary suite, and if permits were obtained.

2. Why is there no garage, and is there potential to add one?
The property currently has no garage. Given the large lot size, adding a garage or carport may be possible, but this would require checking with the city for zoning bylaws, setback requirements, and associated costs.

3. The sold price in 2019 was $50,600, but the current assessed value is $590k. Why such a large difference?
The 2019 sale likely represents a transfer of a newly built unit within a multi-lot development (as suggested by similar addresses like 2-70, 4-70 Oak Forest), not an open market resale. The current assessed value reflects its market value as a standalone property today.

4. How does the lack of a garage affect resale value in this area?
While a garage is a common desire, this property’s high rankings for lot size and newness may offset that for many buyers. Its impact on value is relative; the exceptional land position could be a more compelling feature for the right purchaser.

5. The living area is ranked lower than other metrics. Is the house small for the area?
At 1,436 sqft, the living area is above average for Winnipeg (top 31%) but is more common in its own neighbourhood (top 89%). This indicates the home itself is a good size overall, but the property’s standout feature is the land, not the square footage of the building.