Property Overview & Appeal

This 1958 home at 548 Oakland Avenue in Winnipeg's Rossmere-A neighborhood presents a solid, above-average offering within its immediate area. Its key appeal lies in its strong positioning relative to its direct surroundings. With 1,239 sqft of living space, it is notably larger than both the street (Top 7%) and neighborhood (Top 18%) averages for comparable homes. This pattern continues with its assessed value of $368k, which ranks in the top 6% on its street and top 17% in Rossmere-A, suggesting it is a well-regarded property in a stable, established area. The lot size of 5,280 sqft is typical for the locale.

The home suits practical buyers looking for a move-in-ready property in a mature neighborhood without paying a citywide premium. It’s ideal for someone who values being above the local average in space and value rather than chasing the newest build. A thoughtful perspective is that while the home is older than many in the broader neighborhood, its higher assessed value and living area indicate it has likely been maintained or updated to a standard that outpaces its peers from the same era.

Frequently Asked Questions

1. How does this home really compare to others nearby?
The data shows it consistently outperforms its closest neighbors. Its living space and assessed value rank in the top 20% within both its immediate street and the Rossmere-A area, indicating it is a larger and more valuable property than most comparable homes directly around it.

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($368k) is for municipal tax purposes and is a useful benchmark. Notably, it is significantly higher than the home's last recorded sale price in 2017 (between $300k-$350k), reflecting market appreciation. For an exact sale price history, you can request the details via email from the site.

3. The home was built in 1958. Is that a concern?
The build year is average for Oakland Avenue but is actually older than about 78% of similar homes in the wider Rossmere-A neighborhood. This suggests the immediate area is very established, and potential updates or the condition of major systems should be a key part of your evaluation.

4. What does the lot size mean for potential expansion or outdoor space?
At 5,280 sqft, the lot is very standard for the area—neither particularly large nor small. It offers typical backyard space for the neighborhood but may have limitations for significant additions without checking specific zoning bylaws.

5. How stable is the value in this area?
The home’s value ranks much higher on its specific street and in Rossmere-A than it does citywide (where it's around the median). This suggests its premium is hyper-local. It may hold its value well within the context of this established neighborhood, but may not appreciate at the same rate as areas with newer housing stock or different amenities.