Property Overview: 547 Oakview Avenue, Winnipeg

Key Characteristics & Appeal

This home at 547 Oakview Avenue in the Rossmere-B neighborhood is a well-situated, mid-century property that represents a solid and established option in the Winnipeg market. Built in 1955, its 1,024 sqft living area is very typical for its immediate street and neighborhood, offering a comfortable footprint without being oversized. The lot size of just under 5,000 sqft is also consistent with the area, providing standard outdoor space.

The primary appeal lies in its strong positioning within its local context. With an assessed value of $324k, it sits above the average for Oakview Avenue itself, suggesting it is a comparatively well-regarded property on its block. This creates a potential value proposition: you're acquiring a home that stands above the street average while being priced within the broader neighborhood and city norms. It would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a stable, established community over a brand-new build. The data indicates it’s not an outlier in any category, which can be reassuring for someone seeking a manageable and predictable property without unexpected extremes in size, value, or upkeep.

Frequently Asked Questions

1. How does this home’s size compare to others in Winnipeg?
At 1,024 sqft, the living area is below the Winnipeg city-wide average of 1,342 sqft for comparable homes. This is typical for its era and neighborhood, offering a more compact and efficient layout.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $324k is a municipal valuation for tax purposes. Market conditions ultimately determine sale price. Notably, this assessment ranks higher than most on its own street, which is a positive local indicator.

3. What can the last sold price tell me?
Records show it sold between $250k-$300k in late 2019. This provides a historical benchmark, but the current market value will be influenced by factors like updates, condition, and market trends since that time.

4. How does the year built affect this property?
Built in 1955, it is newer than many on its street. This suggests potentially newer infrastructure than some immediate neighbors, but a home of this age will still require a thorough inspection of its major systems, roof, and windows.

5. Where can I get verified sale history data?
The provided sold price data is from public sources, not the MLS. For a complete and verified transaction history, you must request a manual lookup from the site, which they provide via email.