Property Overview: 175 Oxford Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its substantial size and premium valuation within a well-established neighbourhood. Its nearly 2,500 sqft of living space places it well above average for the street, the North River Heights area, and the city overall, offering generous room for a family. The lot is also notably large at over 7,200 sqft, providing ample outdoor space in a mature setting.
The primary appeal lies in its clear stature as a top-tier property from an investment and space perspective. With an assessed value of $788,000, it ranks in the top 5% on its street and top 4% in North River Heights, signaling a premium property in a desirable location. A thoughtful perspective is that this home, built in 1928, is older than most on the block. This suggests a classic character home that may appeal to those valuing tradition and charm, but it also implies that updates and maintenance are important considerations. The past sale prices indicate a history of strong value retention.
This property would best suit buyers looking for a spacious, established character home in a prime central neighbourhood, who have the budget for a premium assessment and the vision to either appreciate its vintage details or plan for thoughtful modernizations.
Section 2: Frequently Asked Questions
1. What does the high assessed value relative to the neighbourhood actually mean?
It indicates the municipal assessment places this property in the elite tier for value on this street and in North River Heights. This generally reflects a combination of its large lot, substantial living area, and the desirability of the location, but it is not a direct predictor of market selling price.
2. The home is older than most on the street. What should I consider?
Built in 1928, the home likely has classic architectural charm but may require more attention to aging components like plumbing, electrical, or the foundation compared to newer builds. A thorough inspection is essential to understand the condition and any needed updates.
3. How stable has the property's value been?
Previous sales show it sold in the top 16-22% for the area in 2016 and 2019. This consistent high-tier performance suggests strong historical value retention in its market segment.
4. The lot is large, but how does it compare practically?
At 7,206 sqft, the lot is significantly larger than the average in North River Heights (~5,054 sqft). This offers superior potential for gardening, outdoor living, expansions, or future development, subject to zoning.
5. How can I get the exact historical sold prices?
The site provides sold price ranges for context. Due to industry rules, exact sold prices are not displayed publicly. You can request the exact figures by email through the site’s provided form for a manual lookup.