Property Overview: 318 Oxford Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home on Oxford Street presents a compelling mix of space, land, and established value. Its primary appeal lies in its generous proportions: at 2,299 sqft, the living area is significantly larger than most homes in Winnipeg, ranking within the top 5% city-wide. This is complemented by an expansive 7,210 sqft lot, which is notably above average for the desirable North River Heights area. With an assessed value of $613,000, the property sits comfortably above average benchmarks for its street, neighbourhood, and the entire city, indicating a strong and recognized valuation.
Built in 1923, the home’s age is a defining characteristic. While it places the property among the older homes in the area, this often translates to classic architectural charm, mature landscaping, and a well-established streetscape. The most recent sale in late 2022 was in the $750,000-$800,000 range, a price point that ranked in the top 2-5% across all comparisons, suggesting a premium market perception.
This property would ideally suit buyers looking for a substantial family home with ample indoor and outdoor space in a prime central neighbourhood. It appeals to those who appreciate character homes and are prepared for the potential maintenance or modernization projects that can come with a century-old structure. It represents a solid, above-average investment in one of Winnipeg’s most sought-after communities.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $613,000 is for municipal tax purposes. The home last sold for between $750,000 and $800,000 in 2022, which is a more direct indicator of its market value. Always consult a real estate professional for a current market evaluation.
2. What should I consider with a home built in 1923?
While offering classic charm, a home of this age may require attention to older systems like wiring, plumbing, or insulation. A thorough, professional home inspection is essential to understand the condition of the foundation, roof, and structure, and to budget for any necessary updates or repairs.
3. Is the large lot size a major advantage?
Absolutely. At over 7,200 sqft, the lot is a standout feature, offering rare space for gardens, recreation, expansions, or future development, subject to zoning. This much green space in North River Heights is a significant and increasingly scarce asset.
4. The data shows the living area is "elite" city-wide. What does that mean practically?
Ranking in the top 5% for living space in Winnipeg means this home offers more square footage than approximately 95% of properties in the city. This translates to larger rooms, more flexibility for home offices or growing families, and generally more living space than you would find in a typical Winnipeg home.
5. How can I get the exact historical sold price for this home?
The exact sale figures are not publicly displayed online due to industry regulations. You can request the full transaction history and exact sold prices by emailing the site directly through the provided "Request exact figures by email" feature. They will manually look up and provide the information.