Property Overview

22 Oakleigh Place is a character home from 1932, presenting a practical opportunity in Winnipeg's Varennes neighborhood. Its appeal lies in its position as a value-oriented entry point into a stable area, offering a balance of a good-sized lot and a lower price point relative to its surroundings. The home itself is compact, with a living area significantly below local averages, which is directly reflected in its below-average assessed value.

This property would suit first-time buyers or downsizers seeking affordability above square footage, who are comfortable with a home that may require updates. It’s also a potential fit for investors or handy buyers who see value in the land and the structure's vintage charm, viewing the smaller interior as a canvas for efficient redesign rather than a limitation. The lot size is consistent with the neighborhood, offering standard outdoor space.

Key Details & FAQs

Key Characteristics & Appeal:

• Value & Lot: The primary draw is the cost. With an assessed value notably below averages for its street, neighborhood, and city, it offers a financially accessible option. The nearly 5,000 sqft lot is on par with the area, providing a good outdoor-to-indoor ratio.
• The Home: The 730 sqft living area is compact, ranking below most comparable homes at every level. This isn't a home for sprawling, but for efficient living. Its 1932 construction date is older than most on its street, suggesting classic character but also the potential for older-system updates.
• Ideal Buyer: The buyer best suited here prioritizes getting into the neighborhood over interior size. They are likely budget-conscious, value outdoor space, and are either looking for a manageable, cozy home or see strategic potential in a renovation or expansion.

Frequently Asked Questions:

1. Is the low assessed value a red flag?
Not necessarily. It primarily reflects the home's smaller size and older age compared to peers. It can represent a lower property tax burden and a clear entry price into the area.

2. What does "below average" living area really mean for daily life?
It means efficient use of space is essential. The floor plan and flow will be crucial. It may suit a couple, a single occupant, or someone comfortable with creative, multi-functional rooms.

3. As a 1932 home, what should I be concerned about?
While it has stood the test of time, a thorough inspection is key. Pay special attention to the age and condition of foundational elements, the roof, wiring, plumbing, and insulation, as updates may be needed.

4. The lot is average-sized, but the house is small. Can it be expanded?
This is a central question for many buyers. You would need to investigate Winnipeg's zoning bylaws and setback requirements for the lot to understand the potential for a future addition or renovation to increase living space.

5. How does it rank so highly (Top 95% citywide) if it's below average?
The "Top 95%" ranking for living area means its square footage is greater than 95% of comparable homes in Winnipeg—but because the average is skewed higher by much larger homes, it can still be below that average. It indicates there are many smaller homes citywide, but this one is still on the more compact end.