Property Overview
This home at 492 Oxford Street in North River Heights presents a solid, mid-century property with a clear value proposition rooted in its established neighbourhood. Built in 1945, it offers 1,440 sqft of living space on a 4,498 sqft lot. The appeal lies in its above-average assessed value of $501k relative to the wider city, suggesting a strong perceived worth in a desirable area. It suits practical buyers looking for a character home in a prime location without the premium lot size, or those who value interior space over extensive yard maintenance. A thoughtful perspective is that while the lot is smaller than many on its street, this often translates to less upkeep. Its value ranking significantly higher than its size ranking indicates the address itself carries substantial weight.
Frequently Asked Questions
1. How does the property's value compare to nearby homes?
The home's assessed value is above average for both the North River Heights area and the city overall, but is around the average for Oxford Street itself. This suggests you are paying for the specific, well-regarded location within the neighbourhood.
2. Is the lot size a disadvantage?
The lot is smaller than many on Oxford Street and in North River Heights. For some, this means less garden space. For others, it represents a manageable yard with lower maintenance costs, while still providing a generous city-wide average lot size.
3. What does the year built mean for potential renovations?
Built in 1945, the home is older than the Winnipeg average. Buyers should budget for potential updates common to houses of this era, but can also expect the character and build quality typical of North River Heights homes from this period.
4. How reliable is the sold price data from 2019?
The listed sale from 2019 provides a historical benchmark, but market conditions have changed. For fully verified and current transaction data, you must request a manual lookup from the site, as they do not display MLS records.
5. What kind of buyer would this home not suit?
It may not suit buyers seeking a very large lot, a modern build, or those whose primary goal is maximum square footage for the price within this specific neighbourhood, as the living area is around the local average.