Property Overview: 403 Oxford Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This is a substantial, modern home built in 2010, offering 2,467 sqft of living space—a size that places it well above average for the neighbourhood and city. Its most defining characteristic is its elite-tier assessed value of $1.07M, which ranks in the top 1% of homes on its street, in North River Heights, and across Winnipeg. This indicates a premium property in a desirable location.
The appeal lies in its combination of generous, contemporary living space within a mature, established neighbourhood. Unlike many older homes in the area, it offers modern construction and systems just 16 years old, providing a move-in-ready experience without the typical renovation projects of a character home. The lot size is average for the area, suggesting the value is driven by the home's size, condition, and location rather than an exceptionally large yard.
This property would best suit buyers seeking a low-maintenance, spacious family home in a prime central neighbourhood, who value modern amenities and are comfortable with a premium price point reflective of its top-tier assessment. It’s a practical choice for those who want the prestige of River Heights without the upkeep of a historic property.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighbouring properties?
The assessment reflects the home's relatively recent construction (2010) and its significantly above-average living area. It is valued among the very top tier of properties in the wider city, suggesting premium finishes, location, and amenities.
2. How does the lot size compare?
At 4,810 sqft, the lot is around the average for North River Heights. This highlights that the property’s value is primarily in the home itself, not the land, which is typical for newer infill developments in established neighbourhoods.
3. What does the sale history indicate?
The home sold in October 2017 for between $900,000 and $950,000. The current assessed value suggests significant appreciation since that time, aligning with broader market trends and reinforcing its premium status.
4. Is this a typical home for North River Heights?
In terms of size and value, it is not typical but exceptional. Most homes in the area are older and smaller. This property offers a modern alternative within the neighbourhood's classic setting.
5. Where can I get verified sale price data for this home?
The site provides estimated sale price ranges. For fully verified and exact historical transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS.