Property Summary: 332 Seven Oaks Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in the Jefferson neighbourhood presents a practical opportunity. Its key characteristic is a clear value proposition: a recently renovated basement and a detached garage on a notably generous lot for its street. At just under 1,000 sqft of living space, the house itself is modest and typical for the immediate area, but the nearly 5,000 sqft land parcel offers above-average outdoor space and potential.

The appeal lies in its affordability and foundational readiness. The renovated basement adds immediate functional living space, while the large lot provides room for gardening, expansion, or simply more privacy than neighbouring properties. It suits first-time buyers or practical investors looking for a home with core updates already in place and land to grow into, without the premium price of a larger or fully modernized house. A thoughtful perspective is that while its assessed value is low relative to the city, this can represent a manageable property tax burden and an entry point into a stable neighbourhood.

Section 2: Frequently Asked Questions

1. What does "renovated basement" typically include?
While specifics should be verified by a viewing and inspection, a listing noting a renovated basement generally means the space has been finished into a livable area, likely including flooring, drywall, and basic amenities, making it suitable as a family room, office, or additional bedroom.

2. How does the low assessed value affect property taxes?
A lower assessed value typically results in lower municipal property taxes compared to similar-sized homes with higher assessments. This is a key factor in the home's overall affordability.

3. Is the large lot size a major advantage?
Yes, especially in this context. The lot is larger than most on the same street, offering more yard space, better potential for additions like a shed or deck, and possibly more parking. It's a standout feature for the property.

4. What should I consider with a home built in 1937?
While the basement is renovated, the main house structure and core systems (like plumbing, electrical, and insulation) are original-era. A thorough inspection is crucial to understand the condition and any needed updates to these older components.

5. Why is the sold price history presented as a range?
Sold price data is often estimated from public records. To get the exact sale price, you must request it directly from the site, as they manually verify this information from official sources to ensure accuracy.