Property Overview & Key Characteristics

This 1950s one-and-a-half storey home on a spacious 5,495 sqft lot in Seven Oaks presents a classic Winnipeg footprint with notable updates. Its key appeal lies in the combination of a renovated basement and a detached garage, offering both modernized living space and practical storage or workshop potential. The lot size is well above average for the street and neighbourhood, providing ample outdoor room in a mature setting.

The home would suit first-time buyers or downsizers looking for a manageable, updated property with a low assessed value, suggesting a potentially accessible entry point into the market. It also appeals to value-oriented buyers who prioritize land size and the flexibility of a detached garage over a larger interior footprint, seeing potential for future gardens, expansions, or simply more private outdoor space than newer subdivisions typically offer. A less obvious perspective is its appeal to those interested in the character and established tree canopies of post-war neighbourhoods, where the larger lot contributes more to daily living enjoyment than a few extra square feet indoors.

Frequently Asked Questions

1. What does a "renovated basement" typically mean in a home of this era?
In a 1950s Winnipeg home, this usually indicates foundational upgrades like modern insulation, moisture management, and finished living areas. It’s wise to clarify the scope, permits, and whether it includes a separate entrance or updated mechanical systems.

2. How should I interpret the property's rankings (e.g., "Top 72% in street")?
These percentile rankings compare this specific feature (like lot size or year built) against all listed properties on the same street, in the neighbourhood, or city-wide. For example, "Top 72% in street" for lot size means this lot is larger than 72% of others on Jefferson Avenue, a significant advantage.

3. Why is the assessed value notably lower than some nearby properties?
Municipal assessed value for taxation purposes doesn't always equal market value. It can be influenced by renovation timelines, specific home conditions, and municipal assessment models. Always rely on a current market evaluation for buying or selling.

4. What are the practical implications of a detached garage?
It offers excellent storage, workshop space, or parking removed from the house, but requires going outdoors to access. This is a classic feature in older neighbourhoods, valued for its versatility but worth considering for winter convenience.

5. The living area is modest. How does the lot size offset this?
The lot is significantly larger than many in the area, effectively extending your living space outdoors. This allows for gardening, recreation, and entertaining space that isn't reflected in the square footage, offering a different balance of indoor and outdoor living.