Property Overview: 574 Oakland Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 574 Oakland Avenue in the Rossmere-A neighborhood presents a solid, mid-century property with clear strengths in its immediate context. Built in 1957, its 1,073 sqft living area is notably above average for Oakland Avenue itself, ranking in the top 20% on the street. The property’s assessed value for taxes ($359,000) is a more significant standout, ranking in the top 7% on its street and top 22% within Rossmere-A, suggesting it is perceived as a higher-value home in its local area. The lot is a standard city size at just over 5,000 sqft.

The appeal lies in its strong positional value within a well-established community. It’s a property that outperforms many of its direct neighbors in terms of both size and assessed value, indicating a potentially well-maintained or updated home on a desirable street. The historical sales data shows substantial appreciation between its 2017 and 2021 sales, reflecting the area's growth.

This home would suit practical buyers looking for a move-in-ready property in a mature neighborhood, who value a home that stands out positively on its own block. It’s also a sensible choice for those who appreciate stability, as its above-average assessment for the area could indicate a history of care and investment.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to the wider Winnipeg market?
While its assessed value is strong for its street and neighborhood, it is very close to the citywide median. This suggests you are paying primarily for the specific location and condition within Rossmere-A, rather than for a premium metro-wide address.

2. The house was built in 1957. Should I be concerned?
The build year is older than most on its street and in Rossmere-A. This doesn’t inherently indicate a problem, but it underscores the importance of a thorough inspection to understand the current state of major aging components like the roof, foundation, plumbing, and electrical systems.

3. What does the higher assessment value mean for me?
A higher assessment value typically leads to a higher property tax bill. While it can indicate a more desirable property, it’s a recurring annual cost to factor into your budget, not just a reflection of resale value.

4. The living space is above average for the street but close to average for the area. What does this mean?
It means the home offers more interior space than most houses right around it, which is a local advantage. Compared to the broader Rossmere-A community, it provides a standard amount of space. The data suggests you get a slightly larger home than the immediate neighbors.

5. How reliable is the provided sales history?
The site notes the sales data is sourced from public records, not the official MLS, and is presented in ranges. For precise historical sale prices to inform your offer, they recommend contacting them directly for verified data, which they provide manually.