Property Overview: 314 Seven Oaks Avenue, Winnipeg

Key Characteristics & Appeal

This two-storey home at 314 Seven Oaks Avenue presents a compelling mix of modern convenience and established neighbourhood character. Built in 2018, it is a notably newer construction compared to most homes on its street and across the Jefferson area, offering contemporary building standards and minimal immediate maintenance concerns. With 1,355 sqft of living space, it provides above-average roominess for the local area. A key highlight is its strong assessed value, ranking in the top 5% on its street, which suggests solid construction quality and desirable features for its category.

The home’s appeal lies in this balance: it delivers the benefits of a newer build—like modern layouts, energy efficiency, and updated systems—within a mature, tree-lined neighbourhood. The detached garage adds practical storage or workshop space. It’s important to note the property sits on a smaller, 2,500 sqft lot, which means lower yard maintenance but less private outdoor space compared to area norms.

This property would suit buyers seeking a move-in ready home without the uncertainties of an older property, such as first-time homeowners or downsizers wanting single-level living (main floor primary suite not confirmed, but common in newer 2-storeys). It’s also a practical choice for those who value modern interiors and systems but want to be part of an established community rather than a new subdivision.

Frequently Asked Questions

1. How does the smaller lot size impact the property?
While the land area is smaller than most in Winnipeg, it translates to less time and cost spent on yard upkeep. This can be a significant advantage for buyers seeking a low-maintenance lifestyle. The trade-off is limited space for extensive gardening, large play structures, or expansive outdoor entertaining.

2. The assessed value is high for the street. What does that indicate?
A high assessed value relative to neighbours typically reflects the home’s newer age, larger living area, and modern amenities. It suggests the municipality views it as a higher-value asset, which generally correlates with stronger market value and equity, though property taxes will also be proportionally higher.

3. Is the basement finished?
The listing specifies a basement exists but is "not renovated." This means it is likely an unfinished space, offering valuable storage or future expansion potential for a rec room, home office, or additional bedroom, subject to local permits and codes.

4. What is the neighbourhood vibe in this part of Jefferson?
Jefferson is an established area with a mix of older and newer homes. This street, with properties ranging from early 1900s to 2018, has a quiet, residential character. Proximity to nearby schools, parks, and local amenities is typical, offering a convenient family-oriented setting.

5. Why is the exact sold price from 2019 not publicly listed?
For privacy and data accuracy reasons, the precise sale price is often not in public records. The provided range ($31.5k-$34.5k) is an estimate based on available data. The current assessed value of $38.1k offers a more current benchmark of the municipality’s valuation.