Property Summary: 12 Oakleigh Place, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 12 Oakleigh Place is a classic Winnipeg property that represents solid value within its established neighborhood of Varennes. Built in 1924, it sits on a 5,000 sqft lot, with a living area of 874 sqft and an assessed value of $250,000.

Its primary appeal lies in its relative affordability and neighborhood consistency. The data shows the home is very typical for its immediate street and wider Varennes area in terms of size, value, lot, and age—it doesn’t stand out, but it fits right in. This offers a sense of stability and predictable value. Compared to the city as a whole, its price and size are notably below average, which can be an advantage for buyers seeking entry into the market or looking to maximize their budget in a specific area.

The property would suit a first-time buyer or a practical downsizer who prioritizes location and lot size over square footage. It’s for someone who sees a 1920s home not as a drawback, but as a canvas for gradual, personalized updates. The lot is a key asset, being slightly larger than the neighborhood average, offering good outdoor space potential in a city where that can be a premium.

Section 2: Frequently Asked Questions

1. Is the assessed value a fair indicator of the likely selling price?
The assessed value is a starting point for municipal tax purposes, not a market appraisal. Given that it's below both the street and neighborhood averages, it suggests a potential value opportunity, but the final price will depend on the home's condition, market demand, and recent comparable sales.

2. How might the age of the home (1924) affect me?
Homes of this era often feature solid construction and character, but may require attention to older systems like wiring, plumbing, or insulation. A thorough inspection is essential. The data shows many homes on the street and in the area are from a similar period, so local contractors may be familiar with the typical needs of these houses.

3. The living area is smaller than the city average. Is the space efficient?
At 874 sqft, the layout and flow will be crucial. For the right buyer, this can promote a simpler, lower-maintenance lifestyle. The fact that it's consistent with the area's averages suggests the size is functional for the neighborhood's typical households.

4. What does the lot size mean for me?
At 5,000 sqft, the lot is a strong point—it's above the neighborhood average. This provides more private outdoor space than many nearby properties, allowing room for gardening, recreation, or future additions like a shed or deck, subject to local bylaws.

5. The rankings show the home is "around average" in most categories. Is that good?
In this context, "average" for the street and neighborhood indicates stability. You're not overpaying for an outlier, nor are you buying the least desirable property on the block. It represents a balanced, middle-of-the-road investment in a consistent community, which can be a prudent choice.