Property Overview: 491 Oxford Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of space, location, and value within Winnipeg’s established North River Heights neighborhood. Its most standout feature is the generous 7,928 sqft lot, which ranks in the top 1-2% for size both on its street and in the wider area. This offers rare potential for gardens, expansion, or simply ample private outdoor space—a significant advantage in a mature community.
The living area of 1,938 sqft is comfortably above average for the city and the neighborhood, providing spacious interior accommodation. Built in 1929, the home carries the character and solid construction of its era, though this also suggests that its condition and any updates will be key considerations. The assessed value of $476k is typical for North River Heights but sits above the Winnipeg citywide average, reflecting the desirability of the area.
This property would suit a buyer looking for a character home on a large lot who values the established, tree-lined streets of North River Heights. It’s ideal for those prioritizing outdoor space over a brand-new build and who are prepared for the possibilities and responsibilities that come with a home of this vintage. The appeal lies in securing a property where the land itself is a premium asset in a well-regarded location.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is exceptionally large for the area. At nearly 8,000 sqft, it is significantly bigger than the average lot in North River Heights (approx. 5,054 sqft) and ranks in the top 1% of the neighborhood.
2. What should I consider about the 1929 build date?
While the home has the charm and sturdy construction of its era, a professional inspection is highly recommended. Buyers should budget for potential updates to older systems like plumbing, electrical, or insulation, and consider the design layout, which may differ from modern open-concept homes.
3. Is the assessed value a good indicator of the likely selling price?
The assessed value of $476k is for municipal tax purposes. The last recorded sale was between $450k-$500k in late 2020. Market conditions, the home’s current condition, and its unique lot size will ultimately determine its market value.
4. What is the neighborhood like?
North River Heights is a mature, central Winnipeg neighborhood known for its quiet, tree-lined streets, larger lots, and mix of character homes. It offers a strong sense of community and is close to parks, schools, and amenities.
5. How can I find out the exact historical sale prices?
The site provides sold price ranges for privacy. To obtain the exact sale figures and a full transaction history, you must request a manual lookup via email from the service, as this data is not sourced from the MLS.