Property Overview: 489 Seven Oaks Avenue, Winnipeg

Key Features & Appeal

This well-situated one-storey home at 489 Seven Oaks Avenue presents a compelling blend of space, modern updates, and strong value metrics within its established Jefferson neighbourhood. Its key characteristics include a generous 1,351 sqft of living space—significantly above average for both the street and local area—and a fully renovated basement that adds functional flexibility. The property sits on a sizable 4,999 sqft lot with a detached garage.

The primary appeal lies in its standout assessed value, which ranks in the top 2% on its street and top 1% in Jefferson, suggesting it is viewed as a high-value asset relative to its immediate peers. Built in 1982, it is a notably newer construction compared to many area homes, potentially implying fewer concerns with aging infrastructure. The combination of above-average interior space on a good lot, coupled with recent basement renovations, offers a move-in-ready canvas.

This property would suit practical buyers looking for a spacious, single-level layout, perhaps young families or downsizers. It’s ideal for someone who values statistical strength in assessed value and modern build age within an older neighbourhood, and who appreciates having renovation work already completed in the basement.

Frequently Asked Questions

1. What does the exceptionally high assessed value ranking actually mean?
It indicates that, according to municipal assessment, this home is valued significantly higher than most comparable properties on its street and in the Jefferson area. This often reflects factors like the home’s size, condition, improvements, and lot. It’s a strong marker of its standing in the local market.

2. The home was built in 1982, but the neighbourhood seems older. Is that an advantage?
Yes, this is a less obvious benefit. While the neighbourhood character is established, a 1982 build date means major systems (like plumbing, electrical, and insulation) are likely decades newer than those in many original area homes, potentially reducing immediate repair costs and offering more modern living standards.

3. How does the living space compare to a typical new build?
At 1,351 sqft, the living area is above average for Jefferson but close to the current city-wide average. It offers substantial space for a one-storey home, though newer suburban builds often start in the 1,500+ sqft range. The value here is in the space within this specific, well-regarded neighbourhood.

4. Is the detached garage a pro or a con?
This depends on preference. A detached garage provides flexibility (e.g., for a workshop) and can reduce noise in the house. However, it is less convenient for accessing your vehicle in Winnipeg winters compared to an attached garage.

5. The sold price history shows a range. How can I get the exact figure?
The listing service provides an estimated sold price range from public data. To obtain the precise sale price from the last transaction in June 2022, you can request it directly via the email button provided on the listing page. They provide this detail manually without obligation.