Property Overview: 353 Oxford Street, Winnipeg
Key Characteristics & Appeal
This home on Oxford Street in North River Heights is defined by its exceptionally generous living space. At 2,659 square feet, it ranks in the top 4% of homes in the desirable North River Heights area and the top 2% city-wide, offering significantly more room than typical comparables. This is its standout feature. The assessed value of $579k is consistently above average for the street, neighbourhood, and city, suggesting a premium is placed on the property's size and location. The lot size is average for the area, providing balanced outdoor space.
The appeal lies in acquiring a truly spacious home in a well-regarded neighbourhood without necessarily requiring a massive lot. It suits buyers who prioritize interior square footage—such as those needing multiple home offices, a large family, or who simply value expansive living areas—over a brand-new build. A thoughtful perspective is that while the 1915 build date means it is older than most homes in the area, this character also contributes to its unique charm and is likely factored into its above-average valuation. The last known sale was in May 2022, so a buyer would be securing a home with a stable recent history in the community.
Frequently Asked Questions
1. How does the home’s age affect its value and potential?
While built in 1915, placing it in the older tier for the area, its assessed value remains above average. This suggests the market values its character, established location, and, most notably, its large living area. Buyers should budget for the maintenance typical of a century-old home but can be confident its age is already reflected in its premium positioning.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $579k is a strong benchmark for municipal taxation, indicating it is viewed as a higher-value property. However, market conditions ultimately determine sale price. Its status as "above average" across all comparisons suggests a solid foundation, but a current market appraisal is recommended.
3. The living area is much larger than neighbours'. What does this mean practically?
Ranking in the top 2-4% for size city-wide means this home offers rare interior space for the area. This could translate to more bedrooms, larger common rooms, or unique layouts not found in newer builds. It’s a major advantage for buyers who feel cramped in more standard-sized homes.
4. What can the 2022 sale price tell me?
The previous sale (between $450k-$500k) provides a recent anchor point, showing significant appreciation in assessed value over two years. This indicates strong market momentum for the property, but exact figures require a manual lookup through the site’s service.
5. How does the lot size compare?
At 4,807 sq ft, the lot is perfectly average for both Oxford Street and North River Heights. The property’s premium is not derived from land size but from the substantial living space built upon it. It offers standard yard space for the neighbourhood without being a primary selling feature.