Property Overview

This one-storey home at 673 Oxford Street in Winnipeg's Central River Heights neighbourhood presents a practical opportunity with specific appeal. Built in 1953, it sits on a slightly larger-than-average lot for the area (approximately 6,000 sqft), offering valuable outdoor space. The home itself is modest in size at 1,118 sqft of living area, but features a renovated basement and a detached garage. Its last sale was in 2016 for $330,000.

The primary appeal lies in its land value and location within a sought-after neighbourhood. It suits buyers looking for a solid entry point into Central River Heights, willing to live in a smaller main-floor footprint or utilize the renovated basement for additional space. It’s also a candidate for those with longer-term renovation or redevelopment plans, given the desirable lot size. The property is less suited for buyers seeking a large, move-in-ready, or modern open-concept home without further investment.

Frequently Asked Questions

1. Is the house in good condition?
While specific details on the main floor are not provided, the basement has been renovated. Given the home's age (1953), a thorough inspection is recommended to assess the condition of major systems like plumbing, electrical, and the roof.

2. How does the assessed value relate to the likely sale price?
The current assessed value is listed at $42.20k, which is a municipal valuation for tax purposes and is typically far below market value. The 2016 sale price of $330k is a more relevant, though dated, benchmark. The sale price will be determined by current market conditions.

3. What is the neighbourhood like?
Central River Heights is a well-established, popular residential area known for its tree-lined streets, community feel, and proximity to amenities like parks, schools, and shopping. The property's location on Oxford Street places it in a central spot within the neighbourhood.

4. What are the possibilities for expanding or rebuilding?
The lot size is a key asset. At nearly 6,000 sqft, it is above average for the street and area, potentially providing room for additions or, subject to zoning bylaws, future redevelopment. This adds a layer of long-term value beyond the current structure.

5. How does it compare to the house next door at 690 Oxford?
The referenced neighbour at 690 Oxford is slightly smaller (928 sqft vs. 1,118 sqft) and has a lower assessed value. This suggests 673 Oxford may offer more living space, but a direct comparison would require viewing both properties and their specific conditions.