Property Overview: 396 Oxford Street, North River Heights, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home presents a compelling blend of space, location, and value within Winnipeg's established North River Heights neighborhood. Its primary appeal lies in its generous 7,212 sqft lot, which ranks in the top 4% of the area, offering exceptional outdoor space and potential in a sought-after community. The 1,807 sqft living area is comfortably above average for both the neighborhood and the city, providing ample room.
Built in 1930, the property is a classic Winnipeg home, carrying the potential for character alongside the responsibility of upkeep common to houses of its era. Its assessed value of $641,000 is notably above average across all comparison levels, reflecting its premium lot size and desirable location. This suggests a property that is seen as a solid, long-term investment within the city's real estate landscape.
This home would best suit a buyer who values space and location over a modern, turn-key property. It’s ideal for someone looking for a generous yard in a prime neighborhood, who is either comfortable with the maintenance of a character home or sees potential in its existing footprint. It appeals to those making a strategic investment in land value within a stable community, rather than seeking the newest construction.
Frequently Asked Questions
1. What does the above-average assessed value indicate?
The $641,000 assessment, which places the property in the top 10% of North River Heights, is primarily driven by its elite-tier lot size and desirable location. It signals strong municipal valuation for the land and overall property, which is a key factor for resale value and property taxes.
2. As a 1930s home, what should I consider?
While the structure is sound, a home of this age will likely have older systems (like plumbing, electrical, or heating). Prospective buyers should budget for ongoing maintenance and potential updates. The charm and build quality of the era are benefits, but a thorough inspection is essential.
3. How does the lot size compare in practical terms?
At over 7,200 sqft, the lot is significantly larger than most in the area. This offers rare potential for gardening, expansion, adding outdoor living spaces, or simply enjoying more privacy—a premium feature in this central neighborhood.
4. Why is there no sales history shown?
The provided data does not pull from the MLS system. You can request the exact sales history and verified figures directly via the email option on the listing page, and the team will provide it manually.
5. The living area is above average, but not elite. How should I interpret this?
The home offers very comfortable interior space, larger than most city homes. The true premium here is the combination of that ample living area with the exceptional lot size. You are getting a well-sized house on a much larger-than-standard parcel of land.