Property Overview: 217 Oxford Street, Winnipeg
Key Characteristics & Appeal
This North River Heights home presents a compelling blend of space, land, and value. Its most striking feature is its exceptional interior size. With over 4,100 square feet of living area, it ranks in the top 1% of homes locally and citywide, offering a rare amount of space for the area. This is complemented by a generous 7,200 square foot lot, which is significantly larger than most in the neighbourhood, providing ample outdoor potential.
The home’s appeal lies in this unique combination: the interior volume of a much newer, high-end property, situated on a substantial lot, yet carrying an assessed value that is around the average for the street. This creates a notable value proposition for the right buyer. The data suggests you are paying for a standard North River Heights home but receiving an exceptionally spacious one on a larger parcel of land.
Built in 1914, the age of the home is a key consideration. It will suit buyers who appreciate classic character and are prepared for the maintenance or renovation projects that come with a century-old structure. This property is ideally suited for a growing family or multi-generational household that prioritizes interior and exterior space over modern, move-in-ready finishes, or for a visionary buyer looking for a significant canvas to restore or reimagine.
Frequently Asked Questions
1. Why is the assessed value relatively average when the home is so much larger than others?
Assessment values consider multiple factors, including age, condition, and specific market models. The home’s 1914 build date and its likely need for updates are significant factors that moderate its assessed value compared to its sheer size.
2. What does the sale history from 2019 tell us?
The previous sale in the $450k-$500k range provides a historical benchmark. Given the current assessed value of $405k, it suggests the market or assessment view of the property has shifted, or that the 2019 sale may have included factors not reflected in the raw data, such as specific conditions or updates.
3. Are there any obvious concerns with a home built in 1914?
While offering classic charm, a home of this age will require diligent inspection for foundational integrity, outdated plumbing and electrical systems, insulation, and windows. Budgeting for ongoing maintenance or significant renovation is essential.
4. How does the large lot size benefit me?
Beyond simple outdoor space, a lot in the top 7% of the neighbourhood offers potential for additions, gardens, or recreational areas that are not possible on standard lots. It also may provide better privacy and light, and represents a long-term asset as larger lots become increasingly rare.
5. The data shows nearby homes with similar assessments but much lower square footage. What does this mean?
This contrast highlights the core dynamic of this property. Neighbours at a similar price point likely offer more modernized or updated living environments in a more standard size. This home exchanges modern conveniences for significantly more raw space and land, defining the choice for a potential buyer.