Property Overview: 463 Oxford Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 463 Oxford Street is a classic North River Heights property built in 1930, offering a blend of established character and practical value. With 1,182 square feet of living space and an assessed value of $398k, it presents a more compact and affordable entry point into this desirable neighbourhood. Its appeal lies in its relative value; while the home is below the area average for size and lot (4,204 sqft), its assessment is also notably lower than neighbourhood averages, suggesting a potentially efficient investment for the location. The lot, while smaller than many on the street, still provides good outdoor space for a home of this size.
This property would suit first-time buyers or downsizers seeking the mature trees, quiet streets, and central convenience of North River Heights without the premium price tag of a larger, renovated character home. It’s for those who value location and a solid foundation over sheer square footage, and who may see potential in updating a 96-year-old home to their own taste. A thoughtful perspective is that a smaller, well-priced lot can mean lower maintenance costs and property taxes, aligning with a simpler, more efficient lifestyle without sacrificing the neighbourhood’s amenities and charm.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in September 2022 for between $400,000 and $450,000. The current assessed value of $398k is consistent with that recent sale range, indicating a stable valuation.
2. Is the living space small for the neighbourhood?
At 1,182 sqft, it is below the average for both Oxford Street and North River Heights. This makes it one of the more compact homes in the area, which is reflected in its pricing, but it is closer to the city-wide average for living area.
3. What does the "below average" lot size mean practically?
The 4,204 sqft lot is smaller than most in the immediate area. This likely means a more manageable yard for gardening and maintenance, but potentially less privacy or space for large additions compared to neighbouring properties.
4. As a home built in 1930, what should I consider?
A home of this age will have character but requires careful attention to the condition of major systems like wiring, plumbing, and the foundation. Any renovation plans should budget for potential updates to meet modern standards while preserving its original charm.
5. How can I get the exact historical sale price?
The exact sold price is not publicly displayed due to data regulations. You can request the precise figure by emailing the site directly for a manual lookup, which they provide without using your email for marketing.