Property Overview

This home at 18 Oakleigh Place presents a distinct profile centered on value and lot potential. Its key appeal lies in offering a lower-than-average property tax assessment in a well-established neighbourhood, making it a financially accessible entry point into the Varennes community. The 730 sqft living space is notably compact, ranking smaller than most comparable homes locally and city-wide, which is reflected in its assessment price. However, it sits on a standard 5,000 sqft lot that is actually slightly larger than the neighbourhood average, suggesting the value is weighted more toward the land than the existing structure. Built in 1929, the house is older than the Winnipeg average but typical for its immediate street.

This property would suit a specific buyer: a pragmatic first-time homeowner, an investor, or a hands-on individual who prioritizes location and land size over immediate living space. It’s for someone who sees potential in the generous lot—whether for gardening, expansion, or future redevelopment—and is comfortable with a smaller, character home that may require updates. The below-average tax assessment is a clear financial advantage for budget-conscious buyers.

Frequently Asked Questions

1. The living space seems small. How does that affect livability and value?
The 730 sqft footprint is significantly below averages for the street, neighbourhood, and city. This indicates a cozy, efficient layout and likely lower utility costs. The value proposition shifts from interior space to the land itself, making it crucial to assess if the layout meets your needs or if the lot allows for a future addition.

2. The tax assessment is notably lower than the Winnipeg average. What does this mean?
A lower assessed value typically translates to lower annual property taxes, which is a lasting financial benefit. It suggests the city’s valuation is weighted heavily on the existing home’s size and condition rather than the land. This can be an advantage for ongoing affordability, though it may also indicate the structure itself adds less to the overall property value.

3. The house was built in 1929. What should I consider?
While older than the city average, the home is typical for Oakleigh Place. Buyers should prioritize a thorough inspection focusing on updates to foundational elements like wiring, plumbing, insulation, and the roof. The charm of an older home comes with the responsibility of understanding its maintenance history and potential needs.

4. The lot is a good size, but what can I actually do with it?
At 5,000 sqft, the lot is a key asset. Beyond a spacious yard, it may offer flexibility for additions, a garage, or extensive landscaping. Check with the city’s zoning bylaws for allowable structures, coverage limits, and any heritage or design guidelines that might apply in Varennes to understand its full potential.

5. How do the rankings and comparisons work?
The rankings show how this property stacks up against similar homes in three areas: its specific street (Oakleigh Place), the broader Varennes neighbourhood, and all of Winnipeg. For example, ranking in the “top 95%” for living size means 95% of Winnipeg homes are larger—confirming its compact nature. These stats help you gauge what you’re paying for relative to the local market.