Key Characteristics & Ideal Buyer Profile

This is a 1,738-square-foot home built in 1990 on a notably large lot of 8,525 square feet. Its appeal lies in the unusual combination of a solidly above-average living area and a land size that ranks in the top 10% citywide in Winnipeg. While the home itself is larger than many newer builds, the lot offers rare outdoor space and privacy for a property in the Leila-Mcphillips Triangle area. The assessed value of $467,000 sits above the local median but below what you might expect for a house of this size on such a lot, suggesting the property is priced for its square footage rather than the land. This would suit a buyer who prioritises breathing room—both indoors and out—over a turn-key, ultra-modern finish. Families who want a yard for children or gardening without moving to a distant suburb will find it practical, as will someone who sees long-term value in the land itself. It is less suited to someone seeking a compact, low-maintenance home in a walkable urban core.

Frequently Asked Questions

1. The lot is large for the area—what does that mean day-to-day?
   You get a deeper yard and more separation from neighbours than typical homes on Oakhurst Crescent. This means more room for a garden, a playset, or future additions, but also more upkeep: mowing, snow clearing, and fence maintenance are all bigger jobs.

2. How does the 1990 build compare to newer homes in terms of maintenance?
   A 1990 home is past the high-depreciation years for major systems like roofing, windows, and HVAC. Many components may have already been updated, but you should budget for replacements sooner than you would with a 2010s-era house. The upside is that 1990 construction often uses better lumber and simpler mechanical layouts than very new builds.

3. Why is the living area ranked high citywide but only average on the street?
   Oakhurst Crescent is a pocket of larger homes—several exceed 1,900 square feet—so within the immediate block, this property is near the bottom third. However, compared to the Winnipeg average of 1,342 square feet, it is well above typical size. The relative value here depends on whether you care more about your immediate neighbours or the broader market.

4. Is the assessed value a reliable indication of resale price?
   Generally yes, but with a caveat. The $467k assessment suggests market alignment, but the oversized lot may not be fully reflected in that figure if the assessor weighted living area more heavily. A buyer paying a premium for the land could push the sale price above the assessment. Conversely, if the interior needs significant updating, the final price could land below it.

5. What are the trade-offs of being in the Leila-Mcphillips Triangle?
   This area offers solid suburban amenities—schools, parks, and nearby shopping—without being far from downtown Winnipeg. The downside is that it is car-dependent, and some streets lack the mature tree canopy found in older neighbourhoods. It is a stable, middle-ground location suited to families who want space and convenience rather than walkability or historic character.