Property Summary: 92 Oakhurst Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 92 Oakhurst Crescent presents a distinct profile within its neighborhood. Built in 1996, it is notably newer than most homes on its street and in the wider Leila-Mcphillips Triangle area, which is a significant advantage. This suggests potentially fewer concerns with major aging systems compared to older stock. With 1,438 sqft of living space, the home is moderately sized, sitting comfortably around the city-wide average but on the smaller side for Oakhurst Crescent itself.

The appeal here is grounded in value and practicality. The assessed value is positioned below the street average but aligns with the broader area, indicating it may offer a more accessible entry point into a well-established neighborhood. The lot, while smaller than others on the crescent, is still a generous city-sized parcel. This property would likely suit first-time buyers or downsizers seeking a manageable, newer home without a premium lot size. It’s also a practical choice for value-conscious buyers who prioritize a modern build year over having the largest house on the block, offering a balance between updates and affordability.

Section 2: Frequently Asked Questions

1. How does the build year affect this home?
Being built in 1996 means major components like the roof, windows, and HVAC system are likely within or approaching a key replacement window (20-30 years). This is newer than many neighbors but still warrants a thorough inspection.

2. The living area is noted as "below average" for the street. How significant is this?
While smaller than the street average of ~1,893 sqft, the home’s size is very close to the city-wide average. This indicates the street may have larger, perhaps older character homes. For buyers, it means efficient use of space is key, but you’re not getting an unusually small house by Winnipeg standards.

3. What does the sold price history from 2021 tell us?
The home sold for an estimated $500k-$550k in 2021. This provides a recent market benchmark, but given shifts in the market since then, a current appraisal and comparative market analysis are essential to understand its present value.

4. The lot is smaller than others on the crescent. What are the implications?
The 5,838 sqft lot is still a good size for city living. The trade-off is less yard maintenance but possibly less privacy or space for large additions compared to immediate neighbors. It’s a practical lot, not an expansive one.

5. Who determines the "assessed value" and how does it relate to market price?
The assessed value ($43.70k) is for municipal tax purposes only and is not a market valuation. Market price is determined by what buyers are willing to pay based on recent sales of similar homes, condition, and current demand. Always rely on a professional market evaluation, not the tax assessment, for pricing.