Property Summary: 372 Oak Forest Crescent

Key Characteristics & Appeal

This is a spacious, well-maintained family home in Winnipeg's Assiniboia Downs neighbourhood. Its primary appeal lies in the combination of a large, private lot and a modern, move-in-ready layout. Built in 2007, the one-storey home features 1,892 sqft of living space and a renovated basement, offering ample room for a growing family or those who value single-level living. The attached garage and a land area of nearly 15,000 sqft—placing it in the top tier for lot size locally—provide significant utility and privacy.

The home’s value proposition is underscored by its strong market history, with sold prices consistently ranking in the top 2% of Winnipeg, indicating high demand for properties in this area. It suits buyers looking for a established, low-maintenance home in a quiet crescent setting, particularly those who prioritize outdoor space over a brand-new build. A thoughtful perspective is that this property represents a "sweet spot" in the market: it’s newer than many surrounding homes (top 3% on its street for year built), yet has matured enough for the landscaping and neighbourhood to feel settled. It would especially appeal to a downsizer from a larger property who still wants a generous yard, or to a young family seeking a long-term home with proven value appreciation in a stable community.

Frequently Asked Questions

1. How does the lot size compare to others?
The 14,915 sqft lot is exceptionally large, ranking in the top 33% on its own street and the top 2% across all of Winnipeg. This is one of the property's most defining features.

2. What does the sold price history indicate?
The home has sold twice in recent years (2021 and 2023) at prices ranking in the top 2% for Winnipeg, demonstrating strong and consistent market value in this area.

3. Is the neighbourhood established or still developing?
Given the home was built in 2007 and ranks as newer than 97% of homes on its street, the area is well-established, with mature infrastructure and settled streetscapes.

4. Who might this layout suit best?
The one-storey (bungalow) style with a renovated basement is ideal for those seeking single-level living or easy accessibility, as well as families wanting defined separation between main-floor living and a lower-level rec room or guest space.

5. How does its assessed value relate to its market price?
The municipal assessed value is significantly lower than recent sold prices. This is common and reflects the lag in assessment cycles; the market sale history is a more accurate gauge of its current worth.