Property Overview: 172 Oxford Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of space, location, and value within Winnipeg’s established North River Heights neighbourhood. Its most standout feature is the generous 7,212 sqft lot, which ranks in the top 4% of the area, offering significant outdoor space and potential that is rare for the community. Built in 1946, the 1,658 sqft house provides above-average living space citywide and sits on a quiet, tree-lined street.
The appeal lies in its strong positional value. The assessed value of $530k is consistently above average for the street, neighbourhood, and city, indicating a premium perception for this specific property. It suits buyers looking for a character home with a large yard for gardening, recreation, or future expansion. It’s ideal for those who value established communities over new subdivisions and understand the balance of maintaining an older home to enjoy its mature setting and lot size. A thoughtful perspective is that while the home itself is of average size for the area, its true premium is in the land, making it a long-term asset for a growing family or someone with a vision for the property itself.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold for an estimated $450k-$500k in late 2023. This sale price range was in the top 18-33% compared to local averages, though it was below the current $530k assessed value, which may reflect market conditions at the time of sale or subsequent municipal assessment.
2. Is the house outdated due to its age?
Built in 1946, the home is actually newer than the average house in North River Heights. While updates may be desired, its age is typical for the neighbourhood’s character. Buyers should budget for expected maintenance and potential modernization of older mechanical systems.
3. What makes the lot size so significant?
At over 7,200 sqft, the lot is exceptionally large for North River Heights, ranking in the elite top 4% of the area. This provides uncommon privacy, space for additions like a garage or deck, and a substantial backyard compared to nearby properties.
4. How does this property rank for value in Winnipeg?
The assessed value places it in the top 15% citywide, meaning it is considered a higher-value home overall. This is driven by its combination of above-average living space, premier lot size, and desirable neighbourhood.
5. Where can I verify the exact historical sale details?
The provided sold price is an estimate from public data. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as they do not publish MLS data directly.