Property Overview: 227 Oxford Street, Winnipeg
Key Characteristics & Appeal
This home at 227 Oxford Street in North River Heights is defined by its generous scale and established presence. Its primary appeal lies in offering substantially more space—both indoors and outdoors—than most homes in Winnipeg. With 2,820 sqft of living area, it ranks in the top 3% of the neighbourhood and top 1% city-wide. The 7,207 sqft lot is also significantly larger than average, providing ample yard space in a mature area.
Built in 1914, this is a classic, century-old character home. While its age places it among the older properties on the street, this often translates to architectural details and solid construction that newer homes may lack. The assessed value of $652k reflects its size and desirable location, ranking it within the top 5% of all Winnipeg homes by value.
This property would best suit a buyer looking for a spacious, established home who values room to grow over modern construction. It’s ideal for someone who appreciates character and a large private lot, and who is prepared for the maintenance or updates that can come with an older home. It represents a solid, above-average asset in terms of square footage and land, offering a rarity in today’s market: ample space close to the city’s core.
Frequently Asked Questions
1. How does the age of the home affect its value and appeal?
While older than most comparable homes, the 1914 build date is a key part of its character. It suggests potential for classic architectural features but also means prospective buyers should budget for potential updates to mechanical systems or windows, which is typical for homes of this era.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $652k is for municipal tax purposes and provides a benchmark. The last known sale was between $600k-$650k in late 2020. The current market value will depend on condition, updates, and market trends, but its size and lot position it firmly in the above-average price segment.
3. What does the "top 1%" ranking for living area actually mean?
This statistic means that 99% of homes across the entire city of Winnipeg are smaller than this one. It highlights the property’s standout feature: abundant interior space that is increasingly uncommon.
4. The lot size is large for the area. What are the advantages?
A 7,207 sqft lot in North River Heights offers exceptional outdoor space for gardens, recreation, or expansion. It provides more privacy and flexibility than the standard lot in the neighbourhood, which averages about 5,054 sqft.
5. How can I verify the exact historical sale prices?
The site provides sold price ranges for context. Due to industry regulations, exact MLS sale figures are not published here. You can request the full, verified transaction history directly via the email lookup service provided on the property page.