Property Overview: 326 Seven Oaks Avenue

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1942, presents a practical opportunity in Winnipeg's Jefferson neighbourhood. Its primary appeal lies in its solid, renovated basement and a living space (1,245 sqft) that is notably above average for both the street and the immediate area. The detached garage and a standard-sized lot (4,499 sqft) offer typical city living with room for vehicles and outdoor space.

The home’s value proposition is grounded in its context. While its assessed value is modest compared to the wider city, it aligns very typically with its Jefferson neighbours, suggesting it's a fairly priced entry point into the area. Its recent sale history indicates steady market interest. This property would suit first-time buyers or practical investors looking for a character home with updated fundamentals (the basement) in an established neighbourhood, without the premium of a newer build or a larger lot. A thoughtful perspective is that its "average" metrics on the street signal a stable, predictable investment within a community of similar homes, rather than standing out as an outlier.

Frequently Asked Questions

1. How does the living area compare to nearby homes?
At 1,245 sqft, the living space is above the average for both Seven Oaks Avenue and the Jefferson neighbourhood, placing it in the top 30% and 19% respectively for size among comparable local homes.

2. What is the significance of the assessed value being "below average" citywide?
The city-wide average includes newer homes and more expensive areas. The assessed value is much more consistent with the Jefferson area average, which is more relevant for understanding local taxes and market value.

3. Has the property value increased?
Based on available sold price ranges, the property likely increased in value between its 2017 and 2021 sales. For the exact sale prices, you can request the information via email from the listing source.

4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key point to clarify with the seller or listing agent regarding the finish, permits, and intended use.

5. Is the year of construction (1942) a concern?
The home is older than many in the city, but is typical for its street and area. This underscores the importance of a thorough inspection to understand the condition of major aging components like the roof, wiring, and plumbing.