527 Oxford Street

Property Overview & Appeal

This two-storey home on Oxford Street in Central River Heights is a practical and well-situated property. Its key characteristic is a renovated basement, adding valuable finished space to the 1,144 sqft main living area. The lot size of 4,798 sqft is notably smaller than many in the immediate area but is close to the city-wide average, offering manageable outdoor space. Built in 1951, the home is of a typical vintage for the neighbourhood.

The appeal lies in its central location within a sought-after community, combined with the move-in ready benefit of a renovated lower level. It suits first-time buyers or downsizers looking for a lower-maintenance property without sacrificing location. The detached garage and standard lot offer traditional features without the extensive upkeep of a larger estate. A thoughtful perspective is that the smaller-than-area-average lot could be seen as a positive for those wanting less yard work, while the home's "around average" metrics across the board suggest it's a stable, benchmark property in the community, not an outlier in price or size.

Frequently Asked Questions

1. How does the lot size compare to others nearby?
The land area is 4,798 sqft, which is below the average for Central River Heights and for Oxford Street itself. This means the yard is likely more manageable but may offer less private space than some neighbouring properties.

2. What does "renovated basement" typically include?
While exact finishes aren't specified, a listing noting a renovated basement generally indicates it is finished as livable space, such as a recreation room, office, or additional bedrooms, and is likely updated with modern flooring, paint, and lighting.

3. Is the assessed value a reliable indicator of the sale price?
Not directly. This home has an assessed value of $41,900 for tax purposes, but it sold for $420,000 in June 2023. Assessed value is used for calculating property taxes and is often significantly lower than market value.

4. What is the neighbourhood like for amenities?
Central River Heights is a mature, established neighbourhood known for its convenience, tree-lined streets, and proximity to shops, schools, parks, and major routes like Corydon Avenue.

5. How does the living space compare to a typical home?
With 1,144 sqft of living area, this home is slightly below the average for Oxford Street but very close to the averages for both the neighbourhood and the wider city, indicating a comfortably sized but not overly large floor plan.