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48-70 Oak Forest Crescent

BasementYes, not renovatedPoolGarageNoneBuilding Type

Rankings

MetricSame streetSame areaCity-wide
Year Built
2015 11 years ago
Top 32%22/68
Top 49%45/91
Top 17%4538/26841

48-70 Oak Forest Crescent: For Year Built. On Oak Forest Crescent, around averageTop 32%, rank 22 of 68, and comparable homes in that group average about 2014. in Assiniboia Downs, around averageTop 49%, rank 45 of 91, and comparable homes in that group average about 2016. citywide, above averageTop 17%, rank 4538 of 26841, and comparable homes in that group average about 1990.

Living Area
1,424 sqft
Top 66%45/68
Top 75%68/91
Top 12%3226/26841

48-70 Oak Forest Crescent: For Living Area. On Oak Forest Crescent, around averageTop 66%, rank 45 of 68, and comparable homes in that group average about 1,493 sqft. in Assiniboia Downs, below averageTop 75%, rank 68 of 91, and comparable homes in that group average about 1,528 sqft. citywide, above averageTop 12%, rank 3226 of 26841, and comparable homes in that group average about 1,042 sqft.

Assessed Value
52.50k
Top 76%52/68
Top 68%62/91
Top 2%661/26841

48-70 Oak Forest Crescent: For Assessed Value. On Oak Forest Crescent, below averageTop 76%, rank 52 of 68, and comparable homes in that group average about 57.50k. in Assiniboia Downs, around averageTop 68%, rank 62 of 91, and comparable homes in that group average about 55.90k. citywide, EliteTop 2%, rank 661 of 26841, and comparable homes in that group average about 25.60k.

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Sales History

Sold 4/2021470k
MetricSame streetSame areaCity-wide
Sale price
470k
Top 99%67/68

Below average

same street Top 99%

Top 92%84/91

Below average

neighbourhood Top 92%

Top 4%1081/26841

Well above average — among the best in this group

Winnipeg Top 4%

Sold 7/201642.60k
MetricSame streetSame areaCity-wide
Sale price
42.60k
Top 100%69/68

Below average

same street Top 100%

Top 100%92/91

Below average

neighbourhood Top 100%

Top 7%1948/26841

Above average

Winnipeg Top 7%

Highlights & common questions: 48-70 Oak Forest Crescent, Winnipeg

Property Summary: 48-70 Oak Forest Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-situated property in Winnipeg's Assiniboia Downs neighbourhood, built in 2015. Its primary appeal lies in its strong positional rankings within a desirable community. The home ranks in the top 1% of its neighbourhood for lot size and sits on a street ranked in the top 4% locally, suggesting a premium location within the area. With 1,424 sqft of living space, it offers above-average roominess for the immediate street, though it presents a more moderate size compared to the wider neighbourhood.

The home suits buyers seeking a modern build (just 11 years old) in an established, high-ranking locale without the premium price of a fully renovated or custom home. It’s an ideal match for those who value location and a newer construction foundation over turn-key finishes, as the basement is noted as unrenovated. The steady assessed value growth from its 2016 and 2021 sale prices indicates stable market confidence in the area.

A thoughtful perspective: This property represents an opportunity to secure a prime address with a contemporary structure. The unrenovated basement is not a drawback but a blank canvas, allowing a new owner to customize the space to their taste without needing to undo someone else’s dated renovations.

Section 2: Frequently Asked Questions

1. What does the "top percentile" ranking actually mean?
It means this property's specific feature (like land area) scores higher than the given percentage of comparable properties. For example, ranking in the "top 1% in the neighbourhood" for land area means 99% of properties in Assiniboia Downs have a smaller lot.

2. The assessed value is $52.50k, but it sold for $47k in 2021. Why is there a difference?
Municipal assessed value for tax purposes and actual market sale price are determined differently. The assessment is a mass appraisal for taxation, while the sale price reflects the specific market conditions and agreement between a buyer and seller at that time.

3. Who would this property be a good fit for?
It’s an excellent fit for location-focused buyers, perhaps young families or professionals, who want a newer home in a top-ranked part of Assiniboia Downs and are willing to take on a basement project themselves to add value and personalize the space.

4. Are there any obvious concerns?
The listing notes the basement is "not renovated," so buyers should budget for finishing that space. The lack of a garage may also be a consideration for some purchasers.

5. The nearby and similarly valued properties listed are in "Elmhurst." Is that relevant?
This is likely for broad comparative purposes only. It shows other homes in Winnipeg with a similar municipal assessed value, but they are in different neighbourhoods. Your primary comparison should be with other properties in Assiniboia Downs.

Nearby & similar assessment