Property Overview & Key Characteristics

This two-storey home on Oxford Street in Central River Heights is a classic post-war property built in 1951. It sits on a generous, approximately 6,000 sqft lot, which is larger than many in the immediate area and provides valuable outdoor space. The home itself offers 1,320 sqft of living space and features a renovated basement and a detached garage. Its assessed value is notably above average for both the street and the wider neighbourhood, suggesting it is well-maintained or has features the market favours.

The primary appeal lies in its location within a sought-after, established neighbourhood combined with the potential inherent in a good-sized lot and already-completed renovations like the basement. It suits practical buyers looking for a solid, no-surprises home in a prime area—perhaps young families seeking community roots, or value-conscious investors attracted by the above-average assessment and the enduring demand in River Heights. A thoughtful perspective is that while the living area is modest, the large lot offers a tangible asset for future expansion, gardening, or simply enjoying private outdoor space, which is a growing priority for many.

Frequently Asked Questions

1. How does the lot size compare to others in the area?
The lot is approximately 5,997 sqft, which is larger than the average for both Oxford Street and the broader Central River Heights neighbourhood, placing it in the top 42% and 35% respectively for local comparisons.

2. The home was built in 1951. What should I consider?
While the basement has been renovated, a home of this age will likely have original components, such as windows, plumbing, or electrical systems, that may require updating or have ongoing maintenance needs. A thorough inspection is advised.

3. Why is the assessed value significantly above area averages?
The assessed value ranks in the top 18% for the neighbourhood, indicating that municipal assessment views the property favorably compared to peers. This is often due to a combination of the desirable lot size, recent renovations, and overall condition.

4. What does the sale history indicate?
The home last sold in October 2019 for $42,500. The current assessed value of $51,100 is higher, reflecting market changes and possibly improvements made since that last sale.

5. Is the living space sufficient for a family?
With 1,320 sqft spread over two storeys plus a renovated basement, the home offers functional space for a small to medium-sized family. The layout and room sizes will be key factors, as the square footage is modest compared to some newer builds but is typical for the area and era.