348 Oak Street

Property Overview: 348 Oak Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This 1,610 sqft home, built in 1930, sits on a 4,820 sqft lot in the established North River Heights neighborhood. Its appeal lies in a balanced, grounded profile. The living space is above average for Winnipeg overall, offering comfortable roominess, while the assessed value of $410K is positioned below average for its specific street but aligns with the wider city average. This suggests a potentially efficient entry point into a desirable area where property values on Oak Street are generally higher.

The home suits practical buyers who value character and location over sheer size or a brand-new build. It’s ideal for someone seeking a established neighborhood feel without a premium price tag for the street itself. A thoughtful perspective is that the smaller-than-street-average lot could mean less maintenance, appealing to downsizers or those wanting more time to enjoy the community rather than upkeep. The data indicates you’re paying for the neighborhood’s inherent value and a well-sized home, not for an oversized parcel.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($410K) is for municipal tax purposes. Market value is determined by current conditions, buyer demand, and the home's specific state. Notably, this assessment is below the average for Oak Street, which may influence buyer expectations and negotiation.

2. How does the lot size compare, and what does it mean for me?
At 4,820 sqft, the lot is smaller than most on Oak Street but typical for North River Heights overall. This often translates to a more manageable yard with less gardening and snow clearing, which can be a benefit for many.

3. What are the implications of the home’s age (built 1930)?
A 96-year-old home likely possesses classic character and solid construction but requires diligent inspection. Potential buyers should budget for updates to older systems like wiring, plumbing, or windows, and seek a thorough pre-purchase inspection.

4. Why is there no sales history shown for this listing?
As noted, the site does not display MLS sales records. You can request the full transaction history and exact past sale figures by emailing the provided contact; they will manually retrieve and send the information.

5. How does this home’s living space truly compare to others?
At 1,610 sqft, it offers more space than the typical Winnipeg home. On its own street and in North River Heights, it’s around the middle range—not the largest, but certainly not the smallest. It provides ample room for a small family or couple without feeling cramped.