Property Overview: 401 Oakview Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 401 Oakview Avenue in the Rossmere-B neighborhood presents a solid, mid-century property with clear practical strengths. Its primary appeal lies in offering above-average space and value within its immediate locale, rather than standing out city-wide.

The 1,040 sqft living area is very typical for the street and neighborhood, indicating a comfortable, average-sized family home. Its assessed value of $326k is notably above the street average, suggesting the property is perceived as a higher-quality asset on its block. A key advantage is the land area of 5,499 sqft, which is in the top 6% on Oakview Avenue, offering more outdoor space than most direct neighbors—a valuable feature for gardening, play, or expansion. Built in 1955, it is newer than many homes on the street.

This property would suit a buyer looking for a established, no-surprises home in a stable neighborhood. It’s ideal for someone who values a larger lot and a home that holds its value well relative to the immediate area, without the premium of a newer or significantly larger city-wide property. It represents a pragmatic choice for first-time buyers or downsizers seeking space and stability over flashy updates.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to what it last sold for?
It sold between $350k-$400k in June 2021. Its current assessed value of $326k is below that sold price range, which may reflect market adjustments or the difference between a taxable assessment and a past market sale.

2. Is the lot size a major advantage?
Yes, particularly on this street. The lot is over 780 sqft larger than the street average, offering more private outdoor space than most neighboring properties. This is a less obvious but significant asset.

3. How does it rank for its size and value in the broader city?
City-wide, its living area and value are around average. Its appeal is more localized; it offers better-than-average lot size and value metrics within Rossmere-B and especially on Oakview Avenue itself.

4. What are the nearby homes like?
The surrounding properties on Oakview and nearby streets are largely from the same mid-century era, with similar or smaller living areas and assessed values. This consistency suggests a neighborhood of comparable, well-maintained homes without extreme outliers.

5. How can I verify the exact past sale price?
The site provides sold price ranges for context. Due to industry rules, exact MLS sale figures are not displayed here. You can request the full transaction history and exact sold price via email from the site provider for verified details.