Property Overview & Key Characteristics
This home at 380 Oxford Street in North River Heights is defined by its substantial scale and premium positioning within the Winnipeg market. Its primary appeal lies in offering significantly more space—both indoors and on the lot—than most comparable properties. With 2,320 sqft of living area on a 7,211 sqft lot, it ranks in the top 5-20% across the neighbourhood and city for size. The assessed value of $859k further underscores its elite market position, placing it in the top 2-4% of homes citywide and indicating a premium, well-established property.
The home, built in 1946, is a classic example of the neighbourhood's character. Its value proposition is clear: it's for buyers seeking a generous, established property in a prime area, not a modern renovation project. It would best suit a buyer who prioritizes space, mature landscaping potential, and a solid investment in a sought-after location over a new build. A thoughtful perspective is that while the home is older, its above-average age for North River Heights aligns with the area's cherished, established streetscapes, offering authenticity that newer subdivisions cannot replicate.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
Its assessed value of $859k is notably higher than the local averages (approximately $480k on Oxford Street and in North River Heights), placing it in the elite top 3-4% of the immediate area. This suggests it is a larger, more valuable property than most homes nearby.
2. Is the lot size a significant feature?
Yes. The 7,211 sqft lot is in the top 5% of lots in North River Heights, offering ample outdoor space that is increasingly rare. This is a key differentiator for gardening, recreation, or future expansion.
3. The home was last sold in July 2023. Can I find out the exact sale price?
The site provides a sold price range of CA$850k–900k. To obtain the exact sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.
4. Given the home’s age (built in 1946), should I be concerned about maintenance?
While the building is 80 years old, which is around average for its street, prospective buyers should factor in the potential for updates to major aging components like plumbing, electrical, or the roof. A thorough inspection is essential.
5. What does its "elite" ranking for value but "below average" ranking for age city-wide mean?
This highlights the property's market position: it commands a premium price due to its location, size, and desirability, not because it's a new construction. City-wide, many homes are newer, but this home’s value is driven by its attributes in a prime established neighbourhood.