Property Overview

This home at 287 Oakwood Avenue in Winnipeg's Riverview neighbourhood presents a distinct profile. Its primary appeal lies in offering significantly more interior and exterior space than most comparable local properties, paired with a tax assessment that is notably lower than the area average. This creates a compelling value proposition centered on space and potential.

Key Characteristics & Ideal Buyer

The standout feature is the generous 1,770 sqft living area, which ranks within the top 22% on its street, top 14% in Riverview, and top 18% city-wide. This is complemented by an exceptionally large 6,410 sqft lot, placing it in the top 2% on Oakwood Avenue. The home's 1911 build year means it is notably older than most in the area, which often translates to classic character but also requires a mindful approach to maintenance and updates.

The appeal here is clear: you acquire substantially above-average space—both inside and out—while the property's assessed value for taxes sits close to the average for the neighbourhood. This disconnect suggests the possibility of untapped value or a home that prioritizes livable space over modern finishes. It would suit a buyer looking for a spacious family home or a long-term project, who values larger rooms and yard size over a newer build, and is comfortable with the realities and charms of a century-old property. It's a practical choice for those seeking room to grow or customize without the premium price tag typically attached to such large lots in the city.

Frequently Asked Questions

1. What does the tax assessment ranking mean for the potential purchase price?
The assessment value is used to calculate property taxes, not necessarily to set the market sale price. A lower assessment relative to the home's size can sometimes indicate a lower annual tax burden compared to similar-sized homes, but the sale price will be determined by current market conditions.

2. As a 1911 home, what should I be prepared for?
While offering classic charm, a home of this age will likely have older systems (like plumbing, electrical, and heating) and may require more ongoing maintenance or thoughtful updates. A thorough, pre-purchase inspection by a qualified professional is essential to understand its condition.

3. The lot size is in the top 2% on the street. What are the advantages?
A lot of this size (over 6,400 sqft) is a significant asset in the city. It offers ample private outdoor space for gardening, recreation, or entertaining, and provides more privacy from neighbours. It also presents future potential, subject to zoning, for additions or landscaping projects that smaller lots cannot accommodate.

4. The living space is above average, but the build year is older. What might that imply about the layout?
Older homes often have room proportions and layouts that differ from modern open-concept designs. You can expect defined rooms, possibly with original details like trim and doors. This appeals to those who prefer traditional character but may require adaptation for contemporary living styles.

5. How significant is it that the home ranks higher for space but lower for age?
This is a key point of the property's profile. It indicates you are paying closer to an "average" rate for the area (based on assessment) but receiving a well-above-average amount of physical space. The trade-off is that the space comes in an older envelope, shifting the investment focus from buying a modern finish to potentially customizing a spacious, classic home.