Property Overview: 525 Oakland Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 525 Oakland Avenue in Rossmere-A is a classic Winnipeg property that represents solid, middle-of-the-road value. Built in 1958, its 1,046 sqft living space and 5,683 sqft lot are very close to the averages for both its street and the broader Rossmere-A community. Its primary appeal lies in its stability and established neighborhood context, rather than standing out as exceptionally large or modern.

A key point of strength is its assessed value for taxes, which is notably above average for Oakland Avenue (ranking in the top 8% on the street) and the Rossmere-A area. This can indicate that the property is well-maintained or has features the city assessor views favorably compared to its immediate peers. The home suits practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a move-in-ready property in a settled neighborhood over a fixer-upper or a brand-new build. It’s for someone who finds comfort in a home that is typical for its area, with the reassurance that its official valuation is strong relative to its neighbors.

Section 2: Frequently Asked Questions

1. What does it mean that the tax assessment is "above average" for the street?
This means the municipal property assessment for 525 Oakland Avenue is higher than most homes on the same street. It generally reflects the city's opinion of the property's market value relative to others nearby, which can be influenced by lot characteristics, home condition, and improvements. It's a useful comparison point, but not a direct indicator of final sale price.

2. How does the 1958 build year compare to nearby homes?
The home was built in 1958, which is the exact average build year for Oakland Avenue. In the wider Rossmere-A community, however, it is slightly older than average. This suggests the immediate block is uniformly mature, so potential updates (like roofing, windows, or mechanical systems) would be a common consideration for many homes in the vicinity.

3. Is the living space sufficient for a family?
At 1,046 sqft, the living area is very close to the Rossmere-A average. It typically indicates a 2-3 bedroom bungalow or similar layout, suitable for a small family or couple. Buyers should verify the specific room count and layout to ensure it meets their needs.

4. What can recent comparable sales tell me?
The page references a sale in late 2019 for a similar price range. While not current, it establishes a historical baseline. For the most accurate and recent sale prices of comparable homes, the site notes that detailed MLS data must be requested directly, as it is not publicly displayed due to industry regulations.

5. How does the lot size compare?
The lot is just over 5,600 sqft, which is typical for the area. It's slightly larger than the street average but aligns closely with the community average. This suggests a standard residential yard for the neighborhood—adequate for gardening and recreation, but not an unusually large or small parcel.