Property Overview: 304 Oxford Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is defined by its generous scale and premium positioning within a desirable, established neighbourhood. Its primary appeal lies in offering substantially more space—both indoors and on the lot—than most homes in Winnipeg. With 2,433 sqft of living area, it ranks in the top 7% for size in North River Heights and the top 3% citywide. The 7,210 sqft lot is similarly spacious, placing in the top 6% for the area. This creates a rare combination of a large, classic home on a sizable parcel of land close to the city's core.
The assessed value of $767k reflects this premium, ranking in the elite top 5% of the neighbourhood and top 3% citywide. A thoughtful perspective is that this isn't just a large house, but a property with statistical rarity in its market, which often underpins long-term value. The trade-off is the home's age; built in 1922, it is notably older than most area homes, suggesting a buyer should have an appreciation for character and be prepared for the maintenance or modernization that comes with a century-old structure.
This property would best suit buyers looking for established prestige and space over new construction. It’s ideal for a family seeking room to grow indoors and outdoors in a prime location, or for a buyer who views the older vintage as an opportunity to customize a solid, spacious foundation. It demands a budget aligned with its top-tier assessment and an appetite for the stewardship of a historic home.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The home sold for an estimated $800k-$850k in August 2023, a significant increase from its $550k-$600k sale in 2020. This recent sale at a premium well above the assessed value indicates strong market demand for properties with these characteristics, but it also sets a high recent benchmark.
2. What does the "below average" ranking for Year Built mean practically?
Being older than 86% of city homes means major systems (roof, plumbing, electrical, insulation) may need evaluation or updating. It also suggests a classic architectural style and potentially higher maintenance costs compared to a newer build, but also comes with the charm and solid construction of its era.
3. The lot size is a standout feature. What are the potential benefits?
A lot in the top 6% for the area allows for extensive landscaping, gardening, outdoor living spaces, and potential additions like a garage or studio. It also provides more privacy and distance from neighbours than is typical in North River Heights.
4. Are the exact past sold prices available here?
No. Due to data sourcing rules, only price ranges are shown publicly on the site. To obtain the exact historical sale figures, you must request them directly via email from the provider for manual lookup.
5. How should I interpret the "elite" rankings for value and size?
These rankings confirm the property is a statistical outlier in the market—it is larger and more highly valued than the vast majority of homes. This can indicate a strong asset in a desirable location, but it also means your pool of comparable properties for future resale analysis will be smaller and more unique.