Property Overview: 477 Oxford Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 477 Oxford Street is a substantial, well-established property in the desirable North River Heights neighbourhood. Built in 1944, it offers 1,865 sqft of living space on a 5,404 sqft lot, providing ample room both inside and out. The data reveals its standout characteristic: a high assessed value of $708k, which places it in the top 9% of homes on its street, the top 6% in North River Heights, and an elite top 4% citywide. This suggests a property that has been significantly updated, is in excellent condition, or possesses unique attributes not captured by basic metrics.
Its appeal lies in offering above-average space and a premier valuation within a mature, sought-after community. It suits buyers looking for a character home with modern upgrades, who value a strong investment profile and neighbourhood stability. A thoughtful perspective is that while the home is older than the Winnipeg average, its elite valuation in North River Heights indicates it outperforms many newer homes, appealing to those who prioritize quality and location over a recent build date. It’s ideal for a buyer seeking a "best-in-class" property within its immediate area rather than just a large house on a sprawling lot.
Frequently Asked Questions
1. Why is the assessed value so much higher than area averages?
The assessed value of $708k is significantly above local averages, indicating factors like major renovations, high-quality finishes, additions, or exceptional property condition that are reflected in its tax assessment.
2. How does the living space compare to nearby homes?
At 1,865 sqft, the living area is above average for both North River Heights and Winnipeg overall, offering more interior space than approximately 85% of city homes.
3. What does the sale history indicate?
Records show it last sold in August 2020 for between $550,000 and $600,000. The substantial increase to its current $708k assessed value suggests significant improvement or strong market appreciation since that purchase.
4. Is the lot size typical for the area?
The 5,404 sqft lot is slightly above average for North River Heights, providing a generous yard. It is a standard size for the street and neighbourhood, not an outlier.
5. How can I verify the exact past sale price?
The site provides sold price ranges for general research. For fully verified, exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.