Property Overview
This home at 176 Oxford Street in North River Heights presents a compelling blend of space, location, and established character. Its primary appeal lies in offering above-average dimensions both inside and out, providing a sense of rarity for an inner-city neighbourhood.
Key Characteristics & Appeal
The home's standout feature is its generous 7,212 sqft lot, which ranks in the top 4% of properties in North River Heights. This offers significant outdoor space and potential that is increasingly hard to find. Combined with a living area of over 2,000 sqft—placing it well above the citywide average—the property provides substantial room for living and growing. Built in 1929, it is a classic Winnipeg character home, typical for the street but older than the average city home.
The assessed value of $533,000 is consistently above average across all comparison levels (street, neighbourhood, and city), indicating its perceived worth in the market. This property would best suit a buyer looking for a established neighbourhood with mature landscaping, who values interior space and a large yard over a newer build. It’s ideal for someone prepared to appreciate the charm of a near-century-old home and possibly undertake updates, while enjoying one of the larger lots in a desirable area.
Frequently Asked Questions
1. What does the "Elite – Top 4%" ranking for the land area actually mean?
It means this property's lot size is larger than approximately 96% of the homes in North River Heights. In practical terms, you're getting a significantly larger yard than most of your potential neighbours.
2. The home was built in 1929. Should I be concerned about major issues?
While the age suggests potential for older mechanical systems (like plumbing or wiring) and a need for careful inspection, it's actually around the average age for both Oxford Street and North River Heights. Many homes in this area are of similar vintage, so local contractors are often very familiar with the construction styles and common renovation needs.
3. The assessed value is above average. Will my property taxes be much higher?
Likely, yes. Property taxes are based on the assessed value. Since this home's assessment is in the top 23% for the neighbourhood and top 15% citywide, you can expect a corresponding tax bill that is above the median. It's advisable to budget for this.
4. How reliable is the sold price history shown here?
The page notes that no sales history is displayed for this listing. The site sources data independently from the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from their team, which they provide via email.
5. The living area is above average, but the home is from 1929. Is the layout modern?
Homes from this era often have a different floorplan than modern open-concept designs. You can expect more defined, separate rooms. The appeal is in the character and the generous square footage, but interior flow may reflect its period, which is a trade-off for some buyers.