Property Overview: 208 Oak Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 208 Oak Street is a substantial character property built in 1914, offering a blend of historic charm and above-average space. Its primary appeal lies in its generous 2,302 sqft of living area, which places it in the top 15% of homes on its street, the top 9% in the desirable North River Heights area, and an elite top 5% city-wide. This significant interior space is coupled with a high assessed value of $674,000, reflecting its premium positioning in the market.
The property suits buyers looking for a well-established home in a prime neighbourhood who value space over a modern build date. It’s ideal for those who appreciate the character of a century-old home and have the vision—and potentially the budget—for any updates a 112-year-old structure might require. A thoughtful perspective is that while the lot size is average for the area, the home’s footprint and value metrics suggest a residence that has been expanded or is particularly well-appointed compared to its peers. The recent sale price range of $800k-$850k indicates strong market demand, likely from buyers willing to pay a premium for this combination of location, size, and historic substance.
Frequently Asked Questions
1. How does the age of the home (1914) impact its value and appeal?
While its age places it among the older homes in the city, this is typical for the character-rich North River Heights area. The age contributes to its charm but means buyers should prioritize a thorough inspection for foundational, electrical, and plumbing systems, as updates are likely needed or may be ongoing.
2. The assessed value is $674k, but it sold for $800k-$850k. Why the difference?
Assessed value is for municipal tax purposes and often lags behind the current market. The sale price reflects what buyers were recently willing to pay for this specific property’s combination of large living space, lot location, and the desirable North River Heights neighbourhood.
3. Is the lot size a limitation?
At 4,824 sqft, the lot is around average for North River Heights. It provides standard urban yard space but may not be the primary feature for buyers seeking extensive outdoor areas. The value here is clearly in the size and quality of the home itself.
4. What does it mean that this home ranks in the "top 5% city-wide" for living area?
This statistic highlights that this is a notably spacious home compared to the vast majority of properties in Winnipeg. It offers roominess that is rare on the market, making it a standout for families or those needing ample indoor space.
5. Where can I find verified, exact historical sale data for this property?
The site notes that due to industry rules, exact MLS sold records are not displayed publicly. You can request the exact sale history and verified figures directly from the website via email, and they will provide a manual lookup.