Property Overview: 458 Oxford Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home is a compact, nearly century-old property (built 1929) situated on a standard city lot in the established North River Heights neighborhood. Its primary appeal lies in being an accessible entry point into a desirable area. With 960 sqft of living space, it is notably smaller than most homes on its street and in the neighborhood, but it offers a manageable footprint. The assessed value of $334k is significantly below the local area average, yet aligns more closely with the wider Winnipeg average, suggesting a price that reflects the home's scale rather than just its location.
This property would suit first-time buyers or downsizers seeking the character and stability of North River Heights without the premium price tag of a larger, updated home. It represents an opportunity to secure a lot and an address in a prime neighborhood, with the understanding that the house itself may require modernization or is best appreciated for its efficient use of space. A thoughtful perspective is that its below-average metrics for size and value on Oxford Street could be seen as an advantage for those prioritizing land location over square footage, offering a chance to add value through renovation or expansion over time.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is based heavily on the home's physical characteristics. At 960 sqft, the living area is considerably smaller than the North River Heights average, which directly influences its valuation compared to larger homes in the area.
2. What does the sold price data indicate?
The home sold between $300k-$350k in May 2024. This sale price range falls within the top 58% city-wide, meaning it sold for more than many Winnipeg homes, but it ranks in the top 85-88% for its immediate area, confirming it transacted at a lower price point compared to most sales in North River Heights.
3. Is the lot size a disadvantage?
At 3,845 sqft, the lot is smaller than most on the street and in the city. However, it is still a standard urban lot for the area. It provides adequate outdoor space for a garden or patio while requiring less maintenance than a larger yard.
4. What should I consider about the age of the home?
Built in 1929, the home is of average age for its street. Buyers should budget for potential updates to older mechanical systems, insulation, or windows, which is typical for homes of this era. A pre-purchase inspection is highly recommended.
5. How accurate is this data, and how can I get the exact sale price?
The data is compiled from public sources and is considered reasonably reliable. However, due to industry regulations, exact sale prices cannot be displayed directly on the site. You can request the exact sold price history via email from the provider, who will manually look up the verified figures.