Property Overview

This home at 554 Oakland Avenue in Winnipeg's Rossmere-A neighborhood presents a solid, mid-century property with strong fundamentals. Built in 1958, its 1,073 sqft living space is actually above average for its specific street, ranking in the top 20% on Oakland Avenue. The lot is a standard city size at just over 5,000 sqft. The municipal tax assessment of $327,000 is very close to the local area average, suggesting the city views its value as consistent with the neighborhood. Historical data indicates a significant appreciation between its 2016 and 2021 sales, pointing to a positive trajectory.

The appeal here lies in its established location and statistical normality. It's not an outlier in size, age, or assessed value within its immediate context, which can mean predictability and stability. For a buyer, this translates to a home that fits seamlessly into the fabric of a mature community, potentially offering less volatility. It would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a settled neighborhood over a brand-new build. It's a property for someone who sees a well-maintained 1950s home not as dated, but as a proven and spacious layout on a decent lot.

Frequently Asked Questions

1. How does this home's size and value compare to the immediate area?
Within its specific stretch of Oakland Avenue, this home's living space is a standout feature, larger than 80% of comparable homes. Its tax assessment value is almost exactly at the street's average, indicating it's priced in line with its direct neighbors.

2. What does the historical sale data suggest?
The home sold in the $250,000-$300,000 range in 2016 and in the $350,000-$400,000 range in 2021. This points to considerable market growth over that five-year period, though past performance is not a guarantee of future gains.

3. Is the tax assessment a reliable indicator of market value?
The tax assessment is for municipal taxation purposes and is often slower to reflect rapid market changes. While it provides a useful benchmark (here, very close to community averages), the current market value could be higher or lower based on condition, updates, and market dynamics.

4. The home was built in 1958. What should I consider?
Homes of this era are common in Winnipeg and are known for solid construction. However, a key focus should be on the condition and age of major systems like plumbing, electrical, roofing, and windows, as well as insulation standards, which may need updating for modern efficiency.

5. Where can I get precise historical sale prices?
The public data on this site shows price ranges. According to the note provided, you can request the exact sale prices by emailing the site operator, who will manually retrieve and provide the information, as precise MLS sales data is not publicly displayed due to industry regulations.