Property Overview: 241 Oxford Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 241 Oxford Street is defined by its generous scale and substantial lot in the established North River Heights neighborhood. Built in 1913, it is notably older than most area homes, offering classic character alongside modern space. Its primary appeal lies in its above-average dimensions: with 2,564 sqft of living area, it ranks within the top 5% of homes in North River Heights and the top 2% city-wide for size. The 7,207 sqft lot is also significantly larger than typical for the area, providing ample outdoor space.
The property’s assessed value of $579k positions it above average across all comparison levels, suggesting a premium for its size and location. A thoughtful perspective is that this home represents a trade-off: it offers exceptional interior and land space in a desirable neighborhood, but likely requires a buyer comfortable with the upkeep and potential updates associated with a 113-year-old structure. It would best suit a buyer looking for a spacious, character home with room to grow or garden, who values established neighborhoods over new construction and is prepared for the realities of maintaining a historic property.
Frequently Asked Questions
1. How does the age of the home affect its value and condition?
At 113 years old, this is one of the older homes on the street and in the area. While this contributes to its character, it’s essential to factor in potential maintenance, the condition of major systems (like plumbing, electrical, and foundation), and the possibility of needed updates, which can be reflected in its above-average assessed value.
2. What does the sold price history indicate?
The home sold in July 2020 for between $550k and $600k. Its current assessed value of $579k sits within that recent sale range, indicating market stability. For exact historical figures, a manual lookup via the site’s email service is required.
3. Is the lot size a major advantage?
Yes. The lot is over 7,200 sqft, placing it in the top 7% for size in North River Heights. This is a significant asset, offering more privacy, yard space, and potential for outdoor amenities or expansions compared to neighboring properties.
4. How does this property compare to others on Oxford Street?
It stands out for its larger living area and lot size compared to the street average. However, it is notably older than most homes on the street, where the average year built is 1941.
5. What is the neighborhood context of North River Heights?
North River Heights is a well-regarded, established neighborhood. This property’s metrics—especially its living area and lot size—rank in the elite tier (top 5%) within this area, meaning it offers more space than the vast majority of homes in this desirable location.