Property Overview: 193 Oak Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home is defined by its impressive space and premium valuation within a well-established neighbourhood. At 2,438 sqft, the living area is notably larger than most, ranking in the top 12% on its street and the top 3% city-wide. This substantial size is a primary feature, offering room for growing families or those who value spacious interiors. The assessed value of $787k further underscores its premium positioning, placing it in the top 4% of North River Heights and the top 2% across Winnipeg, indicating a property perceived as high-calibre by the assessment authority.

Built in 1914, the home’s character comes with its age. It is among the older homes in the area, which suggests potential for classic architectural details but also warrants a practical consideration for maintenance and updates. The lot size of 4,823 sqft is generally average for the local context, providing a balanced outdoor space without being overly expansive.

This property would best suit buyers who prioritize interior square footage and a established, prestigious address over a new build. It appeals to those looking for a home with a strong statistical footprint in terms of size and value, and who are prepared to embrace the character and considerations of a century-old home. Its appeal lies in offering above-average space in a desirable neighbourhood, representing a solid, high-value asset in the Winnipeg market.

Frequently Asked Questions

1. What does the "Elite" or "Top X%" ranking actually mean?
These rankings compare this specific property against all other homes on its street, in North River Heights, and across Winnipeg. For example, being in the "Top 3%" for living area city-wide means 97% of Winnipeg homes are smaller. It’s a data-driven way to show how this home stands out.

2. The home is older (1914). What should I consider?
While offering classic charm, an older home typically requires a focused inspection of foundational elements, plumbing, electrical systems, and the roof. The premium assessed value reflects the land and size; some buyers may budget for updates to align the interiors with modern expectations.

3. The assessed value is much higher than nearby averages. Why?
The $787k assessment is a formal estimate for taxation purposes, influenced heavily by the home's above-average square footage and its location in North River Heights. It signals the city’s view of the property as a high-value asset, which generally correlates with market value but is not a direct sale price.

4. How reliable is the sold price data shown?
The listed sale from July 2021 (in the $750k-$800k range) is based on publicly available data. For fully verified and exact historical transaction figures, you must request a manual lookup via the provided email service, as this site does not have access to official MLS sales records.

5. The lot size is noted as "around average." Is that a disadvantage?
Not necessarily. The lot is proportionate to the neighbourhood, providing standard yard space. The home’s standout features are its large interior footprint and high assessment, not an exceptionally large lot. It represents a typical land package for the area, with the value concentrated in the dwelling itself.