Property Overview: 355 Oak Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 355 Oak Street is a classic North River Heights property built in 1937, offering a blend of established neighbourhood charm and relative value. With 1,294 sqft of living space on a 4,821 sqft lot, it presents a more compact footprint compared to some larger homes on its street, but sits comfortably within the averages for the wider area and city. Its assessed value of $514,000 tells an interesting story: while around average for Oak Street itself, it ranks above average for both the North River Heights neighbourhood and the city overall. This suggests you are paying for a desirable location within a sought-after community.
The appeal lies in securing a home in a prime, mature neighbourhood without the premium price tag of its largest streetside counterparts. It suits buyers looking for character in a well-regarded area, who may prioritize location over sheer size, and who are comfortable with a home of this era. A thoughtful perspective is that this property represents an efficient entry point into North River Heights—offering the same community benefits, parks, and amenities as larger, more expensive homes on the street, just in a more manageable package. It would be ideal for a small family, empty-nesters, or a professional couple.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,294 sqft, the living area is below the average for Oak Street, but is around the average for both the broader North River Heights neighbourhood and the city of Winnipeg as a whole.
2. Is the assessed value high for the area?
The $514,000 assessment is around the middle of the pack for Oak Street. However, it ranks above average compared to all homes in North River Heights and significantly above the city-wide average, underscoring the neighbourhood's overall desirability.
3. What is the history of sales for this property?
Public records indicate it was last sold in July 2017, with a sold price in the range of $300,000 to $350,000. Exact historical figures can be provided upon request.
4. How old is the home, and how does that compare?
Built in 1937, it is older than the average Winnipeg home. On its street and in North River Heights, its age is fairly typical for the area's housing stock, which features many character homes from this era.
5. Where can I see more detailed comparisons with nearby properties?
A dedicated neighbourhood analysis page is available, showing this property on a map alongside nearby homes with detailed comparisons for year built, living area, assessed value, and lot size.