Property Overview
This home at 366 Oxford Street in Winnipeg's North River Heights neighborhood presents a compelling blend of space, location, and established value. Built in 1945, its primary appeal lies not in being new, but in offering above-average dimensions and a premium lot within a sought-after area.
Key Characteristics & Appeal
The standout features are its generous scale and desirable lot. With 2,316 sqft of living space, the home is significantly larger than most, ranking in the top 9% of its neighborhood and the top 5% city-wide. It sits on a 7,211 sqft lot, which is in the elite top 5% for North River Heights, offering substantial outdoor space that is increasingly rare. The assessed value of $687k reflects this, placing it in the top 10% on its street and top 4% across Winnipeg.
The appeal here is for a buyer seeking established character and room to grow or breathe. It suits someone who values a prime location in North River Heights but desires more house and land than a typical post-war property offers. It’s a solid choice for a family needing space or for those who appreciate a larger yard for gardens, recreation, or future projects. A thoughtful perspective is that while the home is 81 years old, its above-average size for its vintage suggests it was likely a premium offering in its time, a quality that has endured in its metrics today.
Frequently Asked Questions
What does the "Elite" or "Top X%" ranking actually mean?
These rankings compare this specific property against all other homes on its street, in North River Heights, and across Winnipeg. For example, being in the "Top 5%" for lot size in the neighborhood means 95% of homes in North River Heights have a smaller land area.
The home sold in 2021. What was the exact sale price?
The public data shows a sold price range of $750,000-$800,000 for August 2021. The site notes that to receive the exact, verified sale figure, you must request it via email from their team, as they do not display MLS records directly.
Is an assessed value of $687k a reliable indicator of market value?
The assessed value is for municipal tax purposes and is a formal appraisal, but it is not a guarantee of current market price. It is, however, a strong data point, indicating the property is officially valued well above area and city averages.
With a 1945 build, should I be concerned about major updates or repairs?
The year built is around average for the street but older than the typical Winnipeg home. This underscores the importance of a thorough inspection to understand the condition of major systems like plumbing, electrical, and the roof, which may have been updated over time.
How does the large lot size impact the ownership experience?
A lot in the top 5% of the neighborhood provides excellent privacy and space. However, it also means higher property taxes (linked to value) and potentially more maintenance in terms of landscaping, snow clearing, or fence lines. It's a premium feature with associated costs.