Property Overview: 573 Oakview Avenue, Winnipeg

Key Characteristics & Appeal

This 1,236 sqft bungalow on a 4,997 sqft lot in Rossmere-B presents a practical opportunity. Built in 1956, it is newer than many homes on its street and in the broader neighborhood. Its living space is comfortably above average for the immediate area, offering more room than typical nearby homes. The primary appeal lies in its value positioning: with an assessed value of $281k, it sits below the average for the street, neighborhood, and city. This suggests a potentially lower entry point into a stable area. The home last sold between $200k-$250k in 2017.

It would suit a first-time buyer or practical investor looking for a solid, no-frills property in a mature neighborhood. It’s for someone who values space and lot size over a modern build, and who sees potential in a home priced below its immediate comparables. A thoughtful perspective is that its "below average" assessment could be a double-edged sword—it may indicate a more affordable tax base, but also warrants a closer look at the property's condition and updates compared to higher-valued neighbors.

Frequently Asked Questions

1. Is this a good value compared to other homes on the street?
The assessed value is below the street average ($299.7k), and it offers more living area than the typical home on Oakview Avenue. This combination can indicate a relative value, but the final market price will depend on condition, updates, and market timing.

2. What does the sold price history tell us?
It last sold in August 2017 for an estimated $200k-$250k. This historical data is a reference point, but current value will be driven by today's market conditions, the property's state, and recent sales of similar homes.

3. How does the lot size compare?
At just under 5,000 sqft, the lot is around average for the street and neighborhood. It provides a standard suburban yard space but is smaller than the Winnipeg citywide average for comparable homes.

4. The home is older. Should I be concerned?
Built in 1956, it is actually newer than many homes on its block. While systems and structure should be inspected, its age is typical for the area and may mean it shares common maintenance points with neighboring houses, making experienced local contractors familiar with any issues.

5. How can I get the exact past sold price?
The site provides estimated price ranges. To obtain the exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.