Property Overview
This two-storey home on Oxford Street in Central River Heights presents a practical opportunity in a well-established neighbourhood. Built in 1953, its construction date is notably newer than many neighbouring homes, suggesting potentially fewer concerns with very old infrastructure. The lot size, while below average for Central River Heights, is a manageable 4,798 sqft, offering yard space without excessive maintenance. A key feature is the renovated basement, adding functional living space to the 1,248 sqft main footprint. The home includes a detached garage.
Its appeal lies in its position as a grounded, no-frills property in a desirable central area. It suits first-time buyers seeking entry into a mature neighbourhood, or practical investors looking for a rental property with a solid baseline. It’s less suited for those seeking a large, modern floor plan or extensive outdoor space.
Frequently Asked Questions
Is the lot size a disadvantage?
While below the neighbourhood average, the lot is near the city-wide average. It provides a traditional urban yard—enough for a patio, garden, or play area, but without the high maintenance of a much larger plot.
What does "renovated basement" typically mean here?
In a home of this era, a renovated basement often means it has been finished into a livable recreation room, laundry, or storage area. It’s wise to inquire about the scope, permits, and moisture control measures undertaken during the renovation.
How does the assessed value relate to the likely sale price?
The assessed value (just under $40k) is for municipal tax purposes and is historically very low compared to actual market values in Winnipeg. The last recorded sale price in 2021 was $40.9k, but current market value would be significantly higher. Always rely on a current market evaluation.
Are there any obvious concerns with a 1953 build?
Being newer than many area homes is a plus, but it still falls within the mid-century era. Key points to investigate would be the state of the original plumbing and electrical systems, and whether the home has undergone any major updates.
Who would this property not suit?
It may not fit buyers prioritizing ample indoor square footage, as the living area is average or slightly below for the city. Those wanting an attached garage or a move-in-ready home with comprehensive modern updates should also look carefully at the specific condition of this property.