Property Overview: 460 Oxford Street, North River Heights, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 460 Oxford Street is a 960 sqft character property built in 1929, situated on a 3,845 sqft lot in the established North River Heights neighborhood. Its key characteristic is its position as a more modest and affordable entry point into a desirable area. The assessed value of $359k is notably below the local area average, yet it aligns closely with the wider Winnipeg average, presenting a value proposition.
The appeal lies in the opportunity to own a character home in a prime neighborhood without the typical premium price tag. It suits buyers who prioritize location over size—such as first-time buyers, downsizers, or investors—and who are comfortable with a home that is smaller and on a more compact lot than many in the immediate vicinity. A thoughtful perspective is that its below-average metrics for the street might mean lower property taxes relative to neighbors, and its classic 1929 construction offers the charm and potential of a well-built older home, albeit with the understanding that maintenance and updates should be factored in.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
At 960 sqft, the living area is below average for both Oxford Street and the wider North River Heights neighborhood. It represents a more compact footprint, which is reflected in its assessed value.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value for taxation purposes is $359k, which is below the local area average but around the city-wide average. Market conditions, property condition, and updates will ultimately determine the sale price. The home last sold between $250k-$300k in 2016.
3. What should I consider about a home built in 1929?
A home of this age offers classic character but may require attention to older systems like plumbing, electrical, or insulation. A thorough inspection is essential to understand the condition and any needed updates or repairs.
4. The lot size is noted as being below average. What does this mean practically?
The 3,845 sqft lot is smaller than most on the street and in the area. This typically means a smaller yard for gardening or recreation, but it can also translate to less exterior maintenance.
5. How can I find out the exact historical sale prices?
The site provides sold price ranges for transparency. To obtain fully verified, exact sale figures from the transaction history, you can request them directly via email through the provided service on the property page.