Property Overview: 545 Oakview Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 1955-built home in Rossmere-B presents a solid, no-fuss opportunity in Winnipeg’s residential market. With 936 sqft of living space on a just-under 5,000 sqft lot, its size is typical for the immediate street and neighborhood, though modest compared to the citywide average. The standout characteristic is its assessed value of $340k, which is notably above average for both Oakview Avenue and the Rossmere-B area. This suggests the property is perceived to have greater value or potential than many of its direct neighbors, possibly due to updates, condition, or lot desirability.

The appeal here is grounded in value and community positioning. It’s a home that holds its own well within its established neighborhood, likely suiting buyers who prioritize a stable, character-area setting over maximum square footage. It would be an excellent fit for a first-time buyer, a downsizer, or an investor looking for a sensible entry into the Winnipeg market with a property that already demonstrates strong assessed value relative to its locale. The data hints at a home that offers more "value per dollar" within its micro-market than a simple citywide comparison might show.

Section 2: Frequently Asked Questions

1. Is the living area small for the price?
While the living area is below the Winnipeg average, the assessed value is significantly above the local street and neighborhood averages. This indicates that factors beyond raw square footage—such as lot value, home condition, updates, or layout—are contributing to its valuation.

2. How does the 2017 sale price relate to today’s assessed value?
The home sold for between $250k-$300k in 2017. The current $340k assessment reflects market changes and potentially any improvements made since that sale. It’s important to note that assessed value is for taxation purposes and can differ from current market value.

3. What does the "above average" assessed value on the street mean for me?
It typically means you might pay slightly higher property taxes than some neighbors, but it also suggests the property has attributes that the municipal assessor views favorably compared to others on the block. This can be a positive signal of the property’s standing.

4. Is the lot size a constraint?
At approximately 5,000 sqft, the lot is very close to the street average and provides a standard suburban yard space. It is not unusually small for the area, but it is less than the Winnipeg average, which includes newer subdivisions with larger lots.

5. How can I find out the exact past sale price?
The site provides sold price ranges publicly. To obtain the exact sale price from 2017, you must request a manual lookup via email, as this data is not sourced from the MLS system.