Property Overview: 494 Oxford Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 494 Oxford Street in North River Heights is a practical, post-war property built in 1946. With 1,232 square feet of living space on a 4,510 sqft lot, its size is modest but functional, sitting around the city-wide average for interior space. The current assessed value of $385k is notably below the average for both its immediate street and the broader North River Heights area, suggesting it may represent a more accessible entry point into this established neighbourhood.
The primary appeal lies in its value positioning within a desirable area. For buyers, it offers the benefits of North River Heights—mature trees, character, and convenient location—without the premium price tag of larger, renovated homes on the street. Its recent sale in early 2025 (in the $350k-$400k range) following a previous sale in 2021 ($250k-$300k range) indicates active market interest and potential for equity growth.
This property would best suit a first-time homebuyer, a downsizer, or an investor looking for a solid, no-frills character home in a prime location. It’s for someone who values location over sheer size and sees potential in a home that is competitively priced for its area. A thoughtful perspective is that its smaller lot size, while below the street average, translates to less exterior maintenance—a potential upside for those seeking a manageable yard.
Section 2: Frequently Asked Questions
1. Is this a good value for North River Heights?
The data suggests it is. The home’s assessed and recent sale values are consistently below the averages for both Oxford Street and the North River Heights area, indicating it’s a relatively affordable option in this neighbourhood.
2. How does the home’s size compare to others?
At 1,232 sqft, the living area is smaller than most direct neighbours on Oxford Street but is actually close to the overall city-wide average. This points to a compact, efficient layout rather than an unusually small home.
3. What does the sale history tell us?
The home sold twice in a roughly four-year period (2021 and early 2025). The price increased between sales, demonstrating market demand. This turnover might indicate it’s well-suited as a starter home or a solid investment property.
4. The lot seems smaller than others on the street. Is that a concern?
The lot is indeed below the street average. However, it is near the average for the wider area and city. This means more manageable upkeep, but potentially less private outdoor space compared to some immediate neighbours.
5. How can I get the exact past sale prices?
The precise sale figures are not publicly displayed due to industry regulations. You can request the exact sold price history by emailing the site directly; they will provide the verified figures manually at no cost.