407 Oxford Street

Property Overview: 407 Oxford Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 407 Oxford Street is a classic North River Heights property, built in 1938, offering a grounded opportunity in a well-established neighbourhood. With 1,360 sqft of living space on a 4,804 sqft lot, its size is comfortably average for the area, presenting a manageable footprint for a variety of lifestyles. The assessed value of $433k sits below the local area average, suggesting a potentially accessible entry point into this desirable neighbourhood.

The appeal lies in its position as a quintessential, no-frills character home in a prime location. It suits buyers looking for authenticity over new construction—those who appreciate the solid foundations and mature streetscapes of a pre-war home and are prepared for the maintenance or updates that come with an 88-year-old structure. It’s a practical choice for first-time buyers aiming for a established area, downsizers seeking a manageable property, or investors attracted by the enduring rental demand in North River Heights. A less obvious perspective is its value proposition: while the home itself is modest in scale relative to some neighbours, its below-average assessment for the area could offer relative financial flexibility, whether for renovations or simply securing a lot in a central location.

Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The home’s assessed value of $433k is below the current average for both Oxford Street ($480k) and the wider North River Heights area ($479k). This indicates it may be priced more accessibly than many comparable properties in the neighbourhood.

2. What should I consider about the age of the home?
Built in 1938, the home is older than the city-wide average. This typically means character and a solid build, but prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, and consider an inspection to evaluate the condition.

3. Is the lot size typical for the area?
At 4,804 sqft, the lot is slightly smaller than the average on Oxford Street but is generally in line with the North River Heights average. It provides a decent outdoor space typical for the neighbourhood, suitable for gardening and recreation.

4. What do the sold price rankings indicate?
Historical data shows past sales of this property ranked in the top 21-36% city-wide for price, meaning it has sold for more than many Winnipeg homes in the past. This trend underscores the consistent demand for properties in this location.

5. How can I verify the exact historical sale prices?
The exact sold prices are not publicly displayed due to industry regulations. You can request the full transaction history and exact figures by emailing the site directly for a manual lookup, which they provide without using your email for marketing.