Property Overview: 455 Oxford Street, Winnipeg
Key Characteristics & Appeal
This is a substantial, century-old home in North River Heights, defined by its exceptional size and generous lot. Its primary appeal lies in offering significantly more space—both indoors and out—than nearly all comparable properties. With 3,836 sqft of living area (placing it in the top 1-2% locally) on a 9,608 sqft lot (top 1-2% in the area), it is a rare find for buyers seeking room for multi-generational living, extensive renovations, or simply expansive private grounds in a central neighbourhood. The 1914 build date means it offers classic character but also implies a greater responsibility for maintenance and updates compared to newer homes.
Its assessed value of $740k is notably above average, reflecting its premium attributes. This property suits buyers who prioritize space and potential over modern convenience, and who have the vision and budget to steward a historic home. It’s less suited for those seeking a low-maintenance or turn-key property. A thoughtful perspective is that while the home ranks lower for its age, this very characteristic is what often provides the architectural charm, solid construction, and larger lot sizes that newer homes in the area simply cannot match.
Frequently Asked Questions
1. How does the sold price from 2021 relate to the current assessed value?
The home sold for an estimated $750k-$800k in May 2021. The current assessed value of $740k is in a similar range, suggesting a relatively stable market valuation for the property in the years since.
2. What should I consider about a home built in 1914?
While offering classic charm and sturdy construction, a home of this age will likely require diligent upkeep. Prospective buyers should budget for potential updates to major systems like plumbing, electrical, and heating, and consider an inspection focused on the foundation and structure.
3. Why is the assessed value in a higher percentile than the year built?
This indicates that the home’s value is driven more by its desirable location, very large lot size, and substantial living area than by its age. The market is placing a premium on these scarce spatial attributes over modern construction.
4. How does the lot size compare to typical properties?
The lot is exceptionally large. At 9,608 sqft, it is roughly 90% larger than the average lot in North River Heights (~5,054 sqft) and provides a rare level of outdoor privacy and potential for gardens, additions, or recreational space in the city.
5. How can I get the exact historical sold prices for this home?
The site provides estimated price ranges. For fully verified, exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.