30 Oswald Bay

Property Summary: 30 Oswald Bay

Section 1: Overview & Appeal

This well-established two-storey home in Elmhurst offers a classic layout with significant space, both inside and out. Its key characteristics include a generous 2,150 sqft of living area, a fully finished basement, and a large, nearly 5,900 sqft lot. Built in 1979, the home presents a solid, move-in-ready opportunity with recent updates reflected in its current assessment value.

The primary appeal lies in its above-average size and established setting. It offers substantially more interior space than most homes in Winnipeg and its own neighborhood, providing room for a growing family or those who value spaciousness. The large lot is a notable asset in a mature area, offering potential for gardening, play, or future outdoor living spaces. Its value proposition is grounded in tangible metrics: it ranks highly for both size and assessed value within its community and the wider city.

This property would best suit practical buyers looking for a ready-to-occupy family home in a quiet neighborhood without the premium of a new build. It’s ideal for those who prioritize indoor and outdoor square footage over a brand-new construction and appreciate the character and mature landscaping of an established area. The 2019 sale suggests a previous turnover, indicating a home that has served well for a modern chapter and is ready for the next.

Section 2: Frequently Asked Questions

1. How does the 2019 sale price compare to the current asking price?
The home sold for $427,000 in July 2019. The current assessed value is $533,000. This increase reflects market changes and any improvements made over the last five years, and will be a key reference point in determining the listing price.

2. What does the ranking data actually mean for a buyer?
The rankings show the home’s relative position. For example, it is larger than 93% of Winnipeg homes, which is a significant advantage. However, its build year is newer than only 62% of homes, meaning it’s a mature property. This helps you understand its strengths (space, value) and context (it’s not a new build).

3. Is the finished basement included in the 2,150 sqft living area?
Typically, the listed "living area" refers to above-grade square footage. The fully finished basement is an additional bonus space, adding significant functional room to the property’s total usable footprint.

4. What are the implications of a 1979 build year?
Homes from this era often feature practical layouts, robust construction, and larger room sizes. Buyers should budget for the maintenance and potential updating of original components, such as windows, roofing, or mechanical systems, which are nearing or within a typical renewal period.

5. The lot is large, but how is the property’s overall condition ranked?
The provided data focuses on quantitative metrics (size, value, age) rather than a qualitative condition rating. A professional home inspection is essential to understand the actual state of the roof, foundation, wiring, plumbing, and interior finishes, which these rankings do not measure.