Property Overview
345 Oxford Street in North River Heights is a home defined by its generous space and premium valuation within its context. Built in 1958, it stands out not for its lot size, which is typical for the area, but for its substantial 2,065 sqft of living area and its assessed value of $682,000. The data reveals a clear story: this property offers significantly more interior space than most homes on its street, in the neighbourhood, and across Winnipeg. Its value is ranked in the top 10% locally and the top 4% city-wide, indicating a premium property for its size and location. Its last recorded sale was between $750,000 and $800,000 in August 2022.
Key Characteristics & Appeal
The primary appeal of this home lies in its spaciousness and established, high-value status. It is a property that outperforms averages, particularly in living area and assessed value, suggesting a well-built or well-maintained home in a desirable neighbourhood. Its 1958 construction date is notably newer than many homes in historic North River Heights, potentially meaning fewer concerns with antiquated systems found in much older homes.
It would ideally suit buyers who prioritize interior square footage over vast outdoor space and who are looking for a home with a proven, above-average market stature. This could include growing families needing room, professionals looking for a substantial property in a central location, or value-conscious buyers who see the long-term benefit in a home that consistently ranks in the upper tiers of its peer groups.
Frequently Asked Questions
1. Why is the assessed value so much higher than the neighbourhood average?
The assessed value of $682,000 places it in the top 7% in North River Heights. This premium typically reflects the home's larger-than-average living area, its condition, specific improvements, and its position on a sought-after street, as confirmed by its strong ranking even at the city-wide level.
2. The home was built in 1958. What should I consider regarding its age?
While 68 years old, this home is actually newer than many in North River Heights, ranking in the top 5% for year built in the area. This is a relative advantage, but a standard inspection is crucial to understand the current state of the roof, wiring, plumbing, and foundation, and to identify any updates that have been made.
3. How does the lot size compare to nearby properties?
The lot of 4,807 sqft is around the average for both Oxford Street and North River Heights. The property’s standout features are its living space and value, not its land size. It offers a standard urban yard for the area.
4. The last sold price is shown as a range. How can I get the exact figure?
The exact sale price from August 2022 is not publicly displayed due to data source rules. You can request the precise transaction history by emailing the site directly. They will provide the exact figures manually, typically by the end of the same business day.
5. What do the "Top X%" rankings actually tell me?
These rankings directly compare this home to others on its street, in North River Heights, and across all of Winnipeg. For example, its living area is larger than 91% of homes city-wide (Top 9%). This quantifies its competitive position, showing it is not just "big," but objectively bigger than the vast majority of comparable properties.