251 Oxford Street

Property Overview & Key Characteristics

This 1926 two-and-a-half storey home in North River Heights is defined by its substantial scale and prime location. Its key appeal lies in the combination of a large, renovated 3,080 sqft interior on an exceptionally private, oversized lot of over 10,800 sqft—a rarity for an inner-city property. The data underscores its standout nature: the land size ranks in the top 1% of its street and top 0% of the neighbourhood, while the living area is in the top 2% for Winnipeg.

The home suits buyers looking for established character with updated practicality (noted by the renovated basement), who prioritize outdoor space and privacy within a mature, central community. It’s a fit for those who value a legacy property with room to grow or entertain, rather than a modern, turn-key build. A thoughtful perspective is that the assessed value is notably conservative compared to similar-sized homes in the area, which may indicate potential value or require investigation into its specific valuation. It appeals to a buyer comfortable with a century-old home's character and potential upkeep, in exchange for a lot size that is virtually irreplaceable today.

Frequently Asked Questions

1. How does the assessed value compare to likely market value?
The assessed value is a municipal figure for tax purposes and is often conservative, especially for unique, large-lot properties. Market value is determined by recent sales of comparable homes, which the listing suggests may be significantly higher.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, ceiling height, legal egress, and whether it includes a separate suite or additional living space.

3. Is the large lot mostly usable space?
While the lot size is a major feature, its topography and layout are key. It’s advisable to verify how much is flat, usable yard versus garden or landscaped area, and whether there are any easements or unusual configurations.

4. What are the implications of the home being 100 years old?
This indicates classic construction and charm but necessitates thorough inspections for foundational integrity, original wiring or plumbing updates, roof condition, and overall maintenance. The recent renovation likely addressed some systems.

5. How does this property compare to others in nearby prestigious areas like Crescentwood?
The listing shows comparable homes in Crescentwood often have higher assessed values. This home offers similar interior space and even larger lots, but in the adjacent North River Heights, potentially representing a value proposition for buyers seeking estate-like grounds.