733 Oak Street

Property Overview: 733 Oak Street, Central River Heights

Key Characteristics & Appeal

This well-situated two-storey home in Central River Heights offers a compelling blend of space, updates, and established neighbourhood charm. Built in 1953, it stands out for its generous living area of 2,138 sq ft, which ranks within the top 4% of homes in the neighbourhood, providing above-average interior space for the area. The property sits on a near 5,000 sq ft lot and features a renovated basement and a detached garage.

Its primary appeal lies in its strong positional value. While the home itself is newer than many on its street and in Central River Heights, its assessed and recent sale value are above average for the wider city, suggesting a solid investment in a desirable location. The appeal is for practical buyers: those who value move-in readiness with a modernized basement, need the space of a larger-than-average home for the area, and appreciate the character and convenience of River Heights without requiring a massive lot. It suits a family or professional couple looking for a home where the major interior space has already been addressed, allowing them to settle into a mature community.

A less obvious perspective is that this property represents a "best of both worlds" scenario within its context—it offers more modern living space than many neighbourhood comparables while still being situated on a traditional street. The data suggests you are paying a premium for the finished living area and location rather than for an exceptionally large parcel of land.

Frequently Asked Questions

1. How does the lot size compare to the neighbourhood?
At 4,926 sq ft, the lot is slightly below the average for Central River Heights but is very close to the average for Oak Street specifically. It provides a typical yard space for this established street.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point for your viewing and for discussions with the seller to understand the finish quality, ceiling height, and any permits.

3. Is the sale price aligned with the assessed value?
The home sold for $500,000 in December 2024, which is reasonably close to its $530,000 assessed value. This indicates the sale was in line with municipal valuation, a sign of a stable market transaction.

4. How does the home's age affect maintenance?
Built in 1953, the home is newer than many in Central River Heights. While this can be an advantage, prospective buyers should still prioritize inspections for era-appropriate systems like plumbing, electrical, and the roof, which may be due for updates despite the home's relative age.

5. What is the parking situation?
The property includes a detached garage. Consider its condition, size, and access, as well as on-street parking availability, to ensure it meets your needs for vehicles, storage, or workshop space.