Property Overview

This 1956 home at 448 Oakview Avenue in Winnipeg's Rossmere-B neighborhood presents a solid, mid-century property with clear strengths in its immediate area. At 994 sqft, its living space is typical for the street and neighborhood but sits below the Winnipeg city average, indicating a more compact, efficient layout. The lot size of 4,775 sqft is standard for the street. The standout characteristic is its assessed value of $344k, which ranks well above average for both the street and the Rossmere-B area, suggesting the property is considered to have good relative value or desirable features within its local market. Historical data shows it sold for an estimated $400k–$450k in early 2022, a price that placed it in the top tier of local sales at the time.

Key Appeal & Ideal Buyer

The primary appeal of this home lies in its strong positioning within a stable, established neighborhood. It offers a balance of a manageable size and a lot that provides outdoor space without excessive maintenance. Its above-average assessed value for the area hints at potential updates, a favorable location on the street, or other attributes not captured in the basic metrics. This property would suit a first-time buyer or downsizer seeking a foothold in a mature community without the premium of a newer or much larger home. It’s a practical choice for someone who values neighborhood character over sheer square footage and is comfortable with a home from the 1950s, likely appreciating the potential for personalization.

Frequently Asked Questions

1. Why is the assessed value above the neighborhood average?
The assessed value is a municipal estimate for taxation, influenced by factors like lot location, building condition, and recent improvements. Its above-average ranking suggests the property is viewed favorably compared to its immediate peers, possibly due to renovations, a premium lot placement, or other desirable features.

2. How does the sold price from 2022 relate to today’s value?
The 2022 sale price provides a historical benchmark from a different market cycle. It indicates the property once commanded a top-tier price locally. Current value would be determined by present market conditions, any changes made to the home since 2022, and recent comparable sales.

3. Is the living area sufficient for a small family?
At 994 sqft, the home is comparable to many others on the street and in Rossmere-B. Its layout and number of bedrooms (not listed in the provided data) would be the key factors. It is typical of the era and area, often catering to compact, efficient family living.

4. What should I consider about a home built in 1956?
Homes from this period are well-established but may have original mechanical systems (like plumbing or electrical), windows, or insulation that could require updating or have been modernized. A thorough inspection is recommended to understand the condition and any potential maintenance needs.

5. How can I get the exact historical sold price?
The site notes that due to industry rules, exact MLS sold prices are not displayed publicly. You can request the exact figure via email from the service, which will manually look up and provide the verified transaction history.