517 Oxford Street

Property Overview

This two-storey home on Oxford Street in Central River Heights is a classic Winnipeg property with a renovated basement and a detached garage. Its appeal lies in its established neighbourhood setting and a land size that is generous for the area, offering a balance of space and location. The house itself, built in 1951, is of average size for the city, presenting a solid opportunity for buyers who value a good lot and the character of River Heights over a large, modern footprint. It would suit a first-time buyer, a downsizer, or an investor looking for a manageable property in a desirable, central neighbourhood. The recent sale suggests it may be a turn-key option or a value-add project, depending on the new owner's vision.

Key Details & Questions

• What are the key features? The home includes a renovated basement and a detached garage. It sits on a nearly 6,000 sqft lot, which is above average for Central River Heights.
• How does it compare in size and value? The living space is about 1,191 sqft, which is typical for Winnipeg. Its recent sale price and assessed value are both positioned around the average mark for its immediate street and neighbourhood.
• What is the neighbourhood like? Central River Heights is a mature, sought-after area known for its tree-lined streets, central location, and community amenities. This property is directly among other similar homes on Oxford Street.
• Is the lot a significant factor? Yes. The lot size is a standout feature, ranking in the top 42% on its own street. This offers more outdoor space than many nearby properties, which is a valuable asset in a dense neighbourhood.
• What might a buyer consider less obvious? While the basement is renovated, the main living areas retain the original 1951 layout and may require updates. The detached garage is a plus for storage or parking, but may not be insulated or heated. The property's value is strongly tied to its location and land, making it a stable investment in Winnipeg's core.