Property Overview: 478 Oxford Street, Winnipeg
Key Characteristics & Appeal
This 960 sqft home, built in 1930, sits on a 3,845 sqft lot in the established North River Heights neighbourhood. Its core appeal lies in being a more accessible entry point into a desirable area. The assessed value of $356k is notably below the local area average, suggesting a potentially lower property tax burden and an opportunity for buyers priced out of larger homes on the same street. The lot, while smaller than many in the immediate vicinity, is still a good size for a classic Winnipeg yard.
This property would suit first-time buyers, downsizers, or practical investors seeking character in a mature neighbourhood without a premium price tag. Its below-average size and value for the street and area indicate it’s a pragmatic choice rather than a luxury one. A thoughtful perspective is that a smaller, well-maintained home on a good street can offer a stronger sense of community and location than a larger property in a less central area, making this a smart compromise for the right buyer.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 960 sqft, the living area is below average for North River Heights and for Oxford Street itself. This typically indicates a compact, efficient layout, which may appeal to those seeking lower maintenance and utility costs.
2. Is the assessed value high for Winnipeg?
City-wide, the assessed value is around the median. However, it is below average for both Oxford Street and the North River Heights area, which can mean relatively lower property taxes compared to neighbouring homes.
3. What does the lot size mean for potential use?
The 3,845 sqft lot is smaller than most on the street and in the area. It provides decent outdoor space but may limit expansion possibilities like a large addition or pool, compared to neighbouring properties.
4. When was it last sold, and for how much?
Records show it sold between $300k-$350k in September 2016. For the exact sale price, a manual lookup can be requested via the site.
5. Are the sold price data and rankings reliable?
The data is compiled from public sources and is considered reasonably reliable, but it is not from the MLS. For fully verified transaction history and exact figures, a direct request must be made.