Property Summary: 1104 Oakmont Avenue

Key Characteristics & Buyer Profile

This is a solid, mid-1960s bungalow (built 1965) with 1,104 square feet of living space on a roughly 3,000-square-foot lot. Its standout feature is how it compares to other homes on Oakmont Avenue specifically: it ranks in the top 5% for living area and top 5% for year built on that street, which suggests this is one of the larger and newer homes in an older, more established pocket. The assessed value of $266,000 sits above the street average ($255k) but well below the citywide average ($390k), indicating a relatively affordable price point for Winnipeg.

The appeal here is value within a specific neighbourhood context—buyers get a house that’s a strong performer on its street without paying a citywide premium. The lot size is average for the street but below average citywide, so this isn’t a property for someone wanting a large yard. It would suit first-time buyers or downsizers who prioritize a decent-sized floor plan and a solid build era over land size, and who want to be in a street where their home compares favourably to neighbours. It’s less suited for an investor seeking raw land or a family needing generous outdoor space.

Five Possible FAQs

1. Is this property overpriced compared to other homes in the area?
Not based on the data. The assessed value is slightly above the Oakmont Avenue average but below the Maginot area average ($270.5k). Given the home’s age and living area rank on the street, it’s priced in line with being a top-tier option within that immediate block.

2. Why is the citywide ranking for assessed value so low if the street ranking is good?
Citywide rankings include all of Winnipeg, which has many newer, larger homes in higher-value areas like River Heights or Tuxedo. This house is modest compared to the city average ($390k), but it’s a strong value relative to its own street—meaning you get more house for your money there.

3. How much renovation or updating should I expect with a 1965 build?
Typical for the era: expect original mechanicals (furnace, electrical, plumbing) likely near end of life, potential for single-pane windows, and dated finishes. The “Elite” rating for year built means it’s well-matched to its period, not that it’s updated. A home inspection would be prudent.

4. Is the land size a deal-breaker for resale?
It’s average on Oakmont but bottom 10% citywide. If you’re buying here, you’re paying for the house, not speculative land value. Resale will depend on the home’s condition and street appeal—not on squeezing in an addition or subdivision.

5. How does this home compare to similar-priced listings nearby?
To get a clearer picture, use the neighbourhood map analysis tool linked on the original listing. That will show you side-by-side comparisons of living area, lot size, year built, and value for homes within a few blocks—which is more useful than citywide averages for this type of property.