Property Overview & Key Characteristics
This one-storey home at 699 Oxford Street in Central River Heights is a practical and well-situated property. Built in 1954, it is notably newer than many homes in its immediate area and neighbourhood, which can suggest updated infrastructure or fewer concerns associated with very old homes. With 1,545 sqft of living space, it offers more room than the average Winnipeg home and is spacious for Central River Heights. The lot size of 4,799 sqft is typical for the street and city, providing a standard urban yard. Key features include a renovated basement and a detached garage.
Its appeal lies in its solid, above-average living space within a mature and desirable neighbourhood. The home represents a straightforward, mid-century property without extreme peaks or valleys in its metrics—it’s a balanced offering. It would suit a buyer looking for a move-in-ready, single-level living option in a central location, possibly downsizers, first-time buyers wanting space, or those who value a home that is newer than its surrounding counterparts without being a full renovation project.
Frequently Asked Questions
Q: How does the year built (1954) compare to nearby homes?
A: This home is significantly newer than the average on Oxford Street (1941) and in Central River Heights (1953). This can be an advantage, potentially indicating newer wiring, plumbing, or building materials compared to many neighbours.
Q: Is the living space larger than typical?
A: Yes. At 1,545 sqft, the living area is above average for both the wider city and, more notably, for the Central River Heights neighbourhood, where homes tend to be smaller.
Q: What does the assessed value indicate?
A: The assessed value is around the middle range for the street and neighbourhood. It suggests the property is fairly valued by the city assessor relative to its immediate peers, neither standing out as undervalued nor overvalued based on official metrics.
Q: The last sale was in 2017 for $300k. What does that sale price ranking mean?
A: The data shows that sale price was below the average for the street, neighbourhood, and city at that time. This could have been due to the property’s condition at the time, market timing, or specific terms of the sale, and it provides a historical benchmark rather than a direct indicator of current value.
Q: What is a less obvious consideration with this property?
A: While the home itself is newer than many around it, the detached garage and the era of construction suggest checking the state of outbuildings and considering energy efficiency upgrades common to mid-1950s construction, even if the basement has been renovated.