Property Summary: 412 Oxford Street, Winnipeg
Key Characteristics & Appeal
This home at 412 Oxford Street in North River Heights is a property defined by its established character and solid positioning within the market. Built in 1925, it is one of the older homes on its street, offering the classic charm and potential renovation opportunities of a century-old residence. With 1,380 sqft of living space, it sits comfortably within the average range for the neighbourhood and the wider city, suitable for a small family, couple, or downsizer.
Its primary appeal lies in its value proposition and location. The home's assessed value of $471,000 is notably above the Winnipeg city-wide average for comparable properties, yet it aligns closely with the averages for both Oxford Street and North River Heights. This suggests you are paying a premium for the specific, desirable location rather than for an unusually large or modern house. The lot size of 4,738 sqft is slightly below average for the street but typical for the area, offering a manageable outdoor space.
This property would best suit a buyer who values a mature, established neighbourhood over a new build, and who understands that a home from this era may require updates or maintenance. It’s a practical entry into a sought-after area, offering location stability rather than standout square footage or a new construction premium. A thoughtful buyer might see the above-average city-wide assessment as an indicator of the area's enduring desirability, while the home's age presents a chance to add value through thoughtful modernization.
Frequently Asked Questions
1. How does this home’s value compare to others in the area?
The assessed value of $471,000 is very close to the average for both Oxford Street and the broader North River Heights neighbourhood. Compared to the entire city, however, this value is above average, highlighting the premium associated with this established location.
2. Is the living space smaller than other homes nearby?
At 1,380 sqft, the living area is somewhat smaller than the direct average on Oxford Street but is around the average for North River Heights as a whole. It provides a comfortable footprint that is typical for many homes in the city.
3. What should I consider about the home’s age?
Built in 1925, the home is older than most on its street and in the city. This often means character and solid construction, but prospective buyers should be prepared for potential updates to systems like plumbing, electrical, or windows, and should prioritize a thorough inspection.
4. How does the lot size compare?
The 4,738 sqft lot is below the average for Oxford Street specifically but is around the average for the North River Heights area. It provides a standard urban yard size for the neighbourhood.
5. Where can I find verified past sale prices for this property?
The site provides sold price ranges based on public data. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this information is not sourced from the MLS system.