Property Overview: 312 Oak Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 312 Oak Street is defined by its generous living space within a well-established neighbourhood. Its primary appeal lies in its above-average square footage (2,092 sq. ft.), which places it comfortably within the top 14% of homes in North River Heights and the top 9% citywide. This suggests a home that offers more room than most, whether for growing families, dedicated workspaces, or simply more comfortable living.
The assessed value of $562k is above average for the wider city and neighbourhood, but interestingly sits around the average for Oak Street itself. This indicates you are purchasing on a street where property values are consistently strong. The lot size is standard for the area, providing typical outdoor space without excessive maintenance. A key characteristic is the home’s age—built in 1920, it is notably older than most comparable properties. This presents both the charm and character of a classic home, alongside the potential for updated mechanical systems and renovations.
This property would best suit buyers who prioritize interior space and location in a mature community over a new build. It’s ideal for those who appreciate the established feel of North River Heights and are prepared for the realities and rewards of owning a century-old home, whether that means appreciating its original details or planning thoughtful updates.
Frequently Asked Questions
1. How does the home’s age impact its value and appeal?
While older than most homes on the street and in the area, its age is reflected in its character and established neighbourhood. The value is supported by its large living area and location. Buyers should consider a thorough inspection to understand the condition of vintage plumbing, wiring, and the foundation.
2. The assessed value seems high for the street. Is it overvalued?
The assessment is actually around the average for Oak Street, which is a street of higher-value homes overall. Compared to the broader neighbourhood and city, it is above average, suggesting the address itself carries a premium.
3. Is the lot size a disadvantage?
The lot is slightly smaller than others on Oak Street but is very typical for North River Heights. It offers a manageable yard, which can be a positive for those seeking less outdoor upkeep while still having private space.
4. What can the 2017 sale price tell me?
The previous sale price (in the $450k-$500k range) provides a historical benchmark. The increase to the current assessed value of $562k reflects market appreciation and possibly any improvements made over the last seven years. For exact sale figures, you can request a manual lookup from the site.
5. How reliable is this comparative data?
The rankings are based on publicly available assessment and sale data, providing a solid, data-driven context for how this property measures up against immediate neighbours, the local area, and the entire city. For precise historical sale prices, a verified manual lookup is recommended.