Property Overview: 464 Oxford Street, North River Heights, Winnipeg
Key Characteristics & Buyer Profile
This home is defined by its compact efficiency and its position in a well-established, desirable neighborhood. Built in 1930, it offers 765 square feet of living space on a 3,239 sqft lot, making it significantly smaller in both categories than most homes on its street and in North River Heights. This creates a clear value proposition: you are purchasing entry into a prime area at a lower price point, with the trade-off being less space.
The appeal lies in this unique balance. The assessed value of $389,000 is notably below the area average, suggesting relative affordability for the location. It suits a specific buyer: a first-time homebuyer, a downsizer, or an investor seeking a character home in a central neighborhood without the premium for larger square footage. The modest yard and home size translate to lower maintenance and utility costs, a practical advantage often overlooked. It’s a property for those who value location and neighborhood charm over interior spaciousness, and who see potential in a smaller, manageable footprint.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
Based on assessed value, this home is priced below the average for North River Heights. You are paying less for the location but also receiving less square footage and a smaller lot than typical area homes.
2. Who would this property suit best?
It is ideally suited for first-time buyers seeking an entry point into a established neighborhood, empty-nesters looking to downsize without leaving the area, or investors interested in a character rental property.
3. How does the lot size impact potential?
At approximately 3,239 sqft, the lot is smaller than most in the area. This limits potential for large additions or sprawling outdoor spaces but simplifies yard maintenance.
4. What does the sold price history indicate?
Public records show it last sold between $350,000-$400,000 in August 2021, aligning closely with its current assessed value and suggesting stable market valuation in recent years.
5. How can I get verified sale history for this home?
The displayed sold price data is from public sources. For fully verified transaction history and exact sale figures, you must request a manual lookup via email through the site, as MLS data is not published here.