Property Overview: 221 Oustic Avenue E, Winnipeg

Key Characteristics & Appeal

This two-storey home in Lavalee presents a compelling blend of space, modernity, and value within its immediate neighborhood. Its primary appeal lies in its generous 1,592 sqft of living area, which ranks in the top 2% of homes on Oustic Avenue E and the top 6% within Lavalee, offering significantly more room than local averages. The home benefits from a renovated basement and an attached garage. Built in 1985, it is notably newer than most comparable properties in the area, suggesting potentially fewer immediate concerns with aging infrastructure. The assessed value positions it as an elite property on its street and above average in the neighborhood, indicating strong perceived value for the location.

The property would suit buyers looking for a move-in ready, spacious family home in a well-established area without the premium price tag of a brand-new build. It’s particularly suited for those who prioritize interior space and modern updates over a very large yard, as the lot size is more modest compared to the city-wide average. A thoughtful perspective is that this home represents a "sweet spot" – it offers the space of a larger city-wide home but within a specific community where it stands out for its size and newer construction, potentially offering a sense of premium within a more affordable enclave.

Frequently Asked Questions

1. How does the property’s value compare to recent sales?
The home last sold in August 2021 for an estimated range of $41.5k to $44.5k. Its current assessed value is $41.10k. For an exact historical sold price, you can request details via email from the listing source.

2. Is the living space as large as it seems compared to other homes?
Yes. The data shows the living area is in the top 6% for the Lavalee area, meaning it is substantially larger than most homes in the immediate neighborhood, which average about 1,015 sqft.

3. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the scope or finish. This would be a key point to clarify with the listing agent to understand if it’s a finished living space, a recreational room, or has separate entrance potential.

4. The lot seems smaller than the city average. Is that a concern?
The land area is about 4,921 sqft. While this is below the Winnipeg city-wide average, it is actually above average for Oustic Avenue E itself. This suggests the lot is typical or even generous for its specific street, which may consist of more compact, well-established plots.

5. Given it was built in 1985, are there any major component concerns?
A 1985 build is newer than many Winnipeg homes, but it is now nearly 40 years old. Key systems like the roof, windows, furnace, and electrical should be evaluated for their age and condition, as they may be nearing or have exceeded their typical lifespans.