Property Overview: 219 Oak Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of established character and above-average space for its location. Built in 1920, it is notably older than most homes in the immediate area and citywide, suggesting classic architectural details but also a need for diligent maintenance and potential updates. Its primary appeal lies in its generous 1,835 sqft of living area, which ranks well above the averages for both the broader North River Heights area and Winnipeg overall, offering more interior room than many comparable properties.
The assessed value of $562k sits comfortably above the citywide average, positioning it as a premium offering in the wider market, while being more aligned with the norms of its desirable North River Heights neighbourhood. The lot size of 4,823 sqft is fairly typical for the area, providing standard outdoor space without being a standout feature.
This property would best suit buyers who value the established, tree-lined streets of North River Heights and prioritize interior square footage over a newer build. It appeals to those looking for a home with character and the potential to customize, who are comfortable with the responsibilities that come with a century-old structure. It represents a solid, above-average footprint in a sought-after neighbourhood.
Frequently Asked Questions
1. How does this home’s age impact its value and appeal?
While its 1920 construction places it among the older homes on the street, this often translates to classic craftsmanship and established gardens. However, buyers should prioritize a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand any needed investments.
2. The living space is above average, but the lot is average. What does this mean?
This suggests the home makes efficient use of its property, likely having a larger footprint or multiple stories. It’s ideal for buyers who value indoor living space over extensive yard maintenance, though outdoor space is still proportionate to the neighbourhood.
3. The assessed value is higher than city averages. What does this indicate?
It confirms the home is in a premium neighbourhood where property values are consistently stronger. The assessment aligns closely with nearby homes on Oak Street, indicating its value is driven by location and size rather than being an outlier.
4. What can the 2019 sale price range tell me?
The previous sale in the $500k-$550k range provides a historical benchmark. Comparing it to the current $562k assessment can help gauge market appreciation trends in the area over the past several years.
5. How reliable is the sold price data provided here?
The data is sourced from public records, not the MLS, and is presented in ranges. For fully verified, exact historical sale figures, you must request a manual lookup from the site via email, as per the disclaimer notes.