Property Overview: 168 Oak Street, North River Heights, Winnipeg
Section 1: Key Characteristics & Appeal
This 1952-built home in North River Heights presents a compelling blend of space, value, and potential. Its key characteristic is a generous 7,235 sqft lot, which is notably larger than most in the area—ranking in the top 2% of the neighbourhood. This offers significant outdoor space for gardens, recreation, or future expansion, setting it apart from typical properties.
The 1,397 sqft living area and the $427k assessed value are both positioned around the average for the immediate street and neighbourhood, suggesting a home that is in line with local expectations for interior space and municipal valuation. However, its city-wide value ranking (top 33%) indicates you receive more house for your money here compared to many areas across Winnipeg.
The appeal lies in this balance: a solid, average-sized home on a much larger-than-average lot in a well-established area. It suits value-conscious buyers looking for a footprint with room to grow, whether that means enjoying a spacious yard now or envisioning renovations or additions later. It’s particularly suited for those who prioritize land size and long-term potential over a move-in-ready, modern interior, as the home itself may require updates reflective of its age.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $427k is for municipal tax purposes. The last sold price (2022) was in the $400k-$450k range. The eventual selling price will be determined by current market conditions, the home’s state, and buyer demand.
2. What does the lot size ranking actually mean for me?
Ranking in the top 2% for land area in North River Heights means this property’s lot is among the largest in one of Winnipeg’s established neighbourhoods. This is a relative scarcity that can provide more privacy, landscaping options, and future development potential than is typically available.
3. Is a home from 1952 likely to need major work?
While the home’s age is around the neighbourhood average, being 74 years old means key systems (like plumbing, electrical, roof, and insulation) may be original or dated. A thorough inspection is essential to budget for necessary updates or repairs.
4. The living area is noted as "around average." Is that a drawback?
Not necessarily. It means the interior space is typical for the area, which generally offers comfortable family-sized homes. The trade-off is that the property’s standout feature is its land, not an exceptionally large house. It’s a question of prioritizing indoor versus outdoor space.
5. How can I get the exact historical sold prices for this home?
The provided data shows price ranges. Due to industry regulations, exact sold prices are not published online here. You can request the full transaction history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.