Property Overview: 369 Oak Street, Winnipeg
Key Characteristics & Appeal
This 1,248 sqft home, built in 1941, sits on a 4,820 sqft lot in North River Heights. Its core appeal lies in offering solid value within a desirable, established neighbourhood. The assessed value of $502k positions it above average for both the wider city and the local area, suggesting a perception of quality and location that outpaces the home’s more modest size. While the living space is below the average for Oak Street itself, it is competitively sized when compared to the broader city, making it a practical, manageable footprint.
The property suits buyers seeking an entry point into a prime neighbourhood without the premium for a larger home. It’s ideal for small families, couples, or downsizers who prioritize location and lot potential over expansive square footage. A thoughtful perspective is that this home represents a "value-hold" in its area—its above-average assessment for the neighbourhood indicates it’s in good company, yet its smaller size presents an opportunity for personalization or expansion on a decent lot, compared to newer subdivisions.
Frequently Asked Questions
1. How does this home’s value compare to others in the area?
Its $502k assessed value ranks in the top 29% for North River Heights, meaning it is considered above average for the neighbourhood. On its specific street, however, it is closer to the median, surrounded by homes with a slightly higher average value.
2. Is the living space particularly small?
At 1,248 sqft, it is below the average for Oak Street but is near the city-wide average. It offers a manageable size that is efficient to maintain and heat, which can be a benefit for many buyers.
3. What does the sold price history indicate?
Records show it last sold between $350k-$400k in July 2020. This historical data, ranking in the top 69% for the area at the time, highlights the property’s consistent appeal and the market growth in the intervening years.
4. Is the lot size a constraint?
The lot is below average for Oak Street but typical for North River Heights overall. It provides adequate outdoor space for a garden, patio, or play area without the burden of extensive landscaping.
5. How can I verify the exact past sold prices?
The displayed sold prices are estimates from public data. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, which they provide via email.