Property Summary: 238 Oxford Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This is a substantial, century-old home (built 1914) that stands out for its generous proportions, both in living space and land. With 3,380 sqft of living area and a 7,234 sqft lot, it ranks in the top 4% of homes on its street and in the top 1-3% within the desirable North River Heights neighbourhood for these metrics. This creates a rare combination of a large, classic home with significant outdoor space in a central location.
The appeal lies in its clear rarity and scale. It offers significantly more interior room and a larger yard than typical area homes, catering to buyers seeking space for a growing family, home offices, or entertaining. Its assessed value of $780k is well above local and city averages, reflecting its premium positioning. The home’s age (112 years) is a defining characteristic; it will suit a buyer who appreciates the charm and solid construction of a historic property and is prepared for the maintenance or updates that come with it. This property is best suited for buyers whose priority is space and location over modern turn-key convenience, and who see value in a home that is statistically exceptional within its community.
Frequently Asked Questions
1. How does the home’s age impact its value and appeal?
While its 1914 construction places it well below the neighbourhood average for year built, this is intrinsic to its character. The age contributes to its unique architecture and larger lot size, but buyers should budget for potential updates to mechanical systems, windows, or insulation to meet modern standards.
2. The assessed value is $780k, but it sold for between $750k-$800k in early 2022. What does this indicate?
The close alignment suggests the assessment is current and reflects the market value from that recent sale. It indicates a stable valuation in line with premium property transactions in the area.
3. Is the lot size a major advantage?
Yes. At over 7,200 sqft, the lot is notably larger than most in North River Heights. This provides ample room for gardens, play areas, additions, or potential future development, which is a scarce commodity in established neighbourhoods.
4. Who would this home not be ideal for?
It may not suit first-time buyers or those seeking a low-maintenance, modern property. The size and age likely mean higher utility and upkeep costs. Buyers preferring open-concept layouts or new builds might find the floorplan or needed updates a drawback.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges for general research. Due to industry data rules, exact sold prices and full transaction histories are not published online here. You can request these verified figures directly via email through the site’s provided service.