Property Overview: 546 Oak Street, Central River Heights, Winnipeg

Key Characteristics & Appeal

This 1949 two-storey home in Central River Heights presents a unique opportunity. Its key features include a renovated basement, a detached garage, and a rare in-ground pool for the area. With a living space of 1,170 sq ft, it is a comfortably sized home that sits on a near-average city lot of 4,823 sq ft.

The appeal lies in its balance of classic character and specific, valuable upgrades. The renovated basement adds modern, functional space, while the pool is a standout luxury not commonly found in Winnipeg homes, offering immediate summer enjoyment. Its location in Central River Heights is consistently desirable for its established community, mature streetscapes, and amenities.

This property would suit a few specific buyer types well. First-time buyers or downsizers may appreciate the manageable size combined with the premium features of a pool and updated basement. It’s also a compelling option for an investor or renovator looking for a home with a strong neighborhood foundation and clear, valuable improvements already in place, allowing them to potentially add further value over time. A less obvious perspective is that the home’s lot size and pool make it a private, staycation-friendly retreat within the city—a quality that became highly prized in recent years.

Frequently Asked Questions

1. Is the pool a major factor in maintenance costs?
Yes, an in-ground pool requires seasonal opening and closing, regular cleaning, chemical balancing, and eventual liner or equipment repairs. It’s a desirable feature but represents an ongoing investment in time and money.

2. How does the assessed value relate to the recent sale price?
The home sold for $45.30k in November 2024, slightly above its $43.40k assessed value. This suggests the market valued the home’s specific features (like the pool and renovated basement) slightly above the city’s assessment benchmark.

3. The living area is noted as "below average" for the street. How significant is this?
While smaller than some larger homes on Oak Street, its 1,170 sq ft is actually around the average for the wider Central River Heights neighborhood and the city overall. It indicates a cozy, efficient layout rather than an unusually small home.

4. What does the "renovated basement" typically include?
The listing confirms the basement is renovated but does not specify finishes. A buyer should verify the scope of work, quality of materials, whether proper permits were pulled, and if it includes a legal secondary suite or additional bedrooms.

5. The home was built in 1949. What should I be aware of with a house of this age?
While updated with a renovated basement, core systems like plumbing, electrical, the roof, and the foundation are approaching or may be past their typical lifespan. A thorough inspection is essential to budget for potential updates to these older components.