Property Overview: 202 Oak Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is defined by its substantial size and premium valuation within a well-established neighbourhood. Built in 1921, it offers generous living space of 2,224 sqft, which ranks within the top 11% of homes in North River Heights and the top 6% citywide. The property’s standout feature is its assessed value of $814,000, placing it in the elite top 3% of the neighbourhood and top 2% across Winnipeg, indicating a premium, high-quality asset.
Its appeal lies in offering above-average interior space on a standard-sized lot (4,824 sqft), suggesting a focus on the home itself rather than extensive grounds. The historical sales data shows significant value growth, with the last sale in 2021 in the $800k-$850k range, a notable increase from its 2016 sale price. This points to strong market confidence and appreciation.
This property would best suit buyers seeking a spacious, character home in a prime location who value statistical prestige and proven investment growth. It’s ideal for those less concerned with a newer build or the largest yard, but who prioritize being in the upper tier of home value and square footage for the area.
Frequently Asked Questions
1. What does the "Elite" assessed value ranking mean?
It means the home’s official assessed value is higher than approximately 97-98% of comparable properties in its wider area, signaling it is considered a premium property within the market.
2. The home is over 100 years old. Should I be concerned?
While the age is above average for the street and area, the high assessed value and recent sale price suggest the home has been substantially updated or maintained to a standard that supports its premium valuation. A thorough inspection is always recommended.
3. How reliable are the sold price ranges shown?
The provided price ranges are based on publicly available data. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this site does not display MLS records.
4. The lot size is noted as "around average." Is that a drawback?
Not necessarily. The data suggests the property’s value is driven by the size and quality of the home itself. For many buyers in established neighbourhoods, a standard lot with a larger, premium house is a preferred trade-off.
5. What is the neighbourhood analysis page?
This interactive tool allows you to see this property on a map alongside nearby homes, directly comparing metrics like year built, living area, and assessed value for detailed context.