Property Overview: 244 Oak Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 244 Oak Street is a well-established property in the desirable North River Heights neighborhood. Built in 1925, it offers a generous 1,882 sqft of living space on a 4,824 sqft lot. The data indicates its primary appeal lies in its above-average size and value relative to the broader market. Its living area and assessed value rank consistently in the top tiers city-wide and within the neighborhood, suggesting a solid, spacious home in a mature setting.
The property would suit buyers looking for character in a prime location, who appreciate the space and established nature of an older home. It’s particularly fitting for those who value a neighborhood with history and don’t mind a home that is older than most on its street. The numbers suggest you are paying for the desirable location and the generous interior space, rather than a new build or an exceptionally large lot. A thoughtful perspective is that this home represents a classic Winnipeg trade-off: a higher assessed value driven by its location and living area, with the understanding that a century-old home may come with different maintenance considerations and renovation potential compared to a newer property.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
The home’s assessed value of $584k is above average for Oak Street, the North River Heights area, and significantly above the Winnipeg city-wide average. This indicates it is a higher-value property within its context.
2. Is the house unusually old for the area?
Yes. Built in 1925, it is older than most homes on Oak Street and in North River Heights. This suggests it is one of the original homes in the area, which can mean classic construction and character, but also potential updates.
3. How spacious is the property compared to others?
The living space is a key strength. At 1,882 sqft, it is above average for the neighborhood and city. The lot size of 4,824 sqft, however, is around the average for the area, meaning the appeal is in the home’s interior size rather than an expansive yard.
4. What is known about the last sale?
Records show it sold in April 2021 for between $450,000 and $500,000. The current assessed value is higher, reflecting market changes and the city’s valuation. For verified, exact sale history, you must request the information directly via email.
5. Where can I see more detailed comparisons?
You can open the neighborhood analysis page to see this property on a map alongside nearby homes, comparing year built, living area, value, and lot size in a visual format.