Property Overview: 328 Oxford Street, North River Heights, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a substantial and historically significant property, built in 1916, that stands out for its exceptional size and value. Its primary appeal lies in its sheer scale: with nearly 4,000 square feet of living space on a 7,200 sqft lot, it ranks in the top 1% of homes in Winnipeg for interior size. This is complemented by an assessed value of $1.1M, which is also in the elite tier citywide and is the highest on its street. The lot size is notably larger than most in the desirable North River Heights area, offering rare potential for gardens, expansion, or privacy.
The home’s character is defined by its century-old heritage, which may appeal to those seeking architectural charm and established neighbourhoods, but it also implies a responsibility for maintenance and potential updates. It suits buyers looking for a legacy property—those who need ample space for a large or multi-generational family, who value a prime location in a mature community, and who have the means and vision to steward a high-value, historic home. Its recent sale history suggests strong, sustained capital growth, making it a significant long-term investment as much as a residence.
Frequently Asked Questions
1. What does its "top 1%" ranking actually mean?
It means this home's living area and assessed value exceed 99% of comparable properties in its local area and across the entire city, highlighting its rarity and premium stature in the market.
2. Given it was built in 1916, what should I consider?
While offering classic charm and solid construction, a 110-year-old home will likely have older mechanical systems (like plumbing and wiring) and may require updates to meet modern efficiency standards. A thorough inspection is essential.
3. How stable has its value been?
The home sold for between $850k-$900k in early 2018 and then for between $1.1M-$1.15M in mid-2021, indicating significant appreciation over a short period, consistent with its elite valuation tier.
4. Is the lot size a major advantage?
Yes. At over 7,200 sqft, the lot is significantly larger than the North River Heights average (~5,054 sqft). This provides more outdoor space, potential for additions, or simply greater privacy than most properties in the central area.
5. How can I verify the exact past sale prices?
The site provides sold price ranges for context. To obtain the exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.