Property Overview: 349 Oxford Street, Winnipeg

Key Characteristics & Appeal

This home on Oxford Street in North River Heights is defined by its generous scale and established value. Its most prominent feature is the substantial 2,593 sqft of living area, which places it comfortably within the top 5% of homes in the desirable North River Heights area and the top 2% citywide. This suggests a spacious interior, likely with multiple bedrooms and living areas, offering more room than the vast majority of comparable properties.

The appeal lies in this combination of space and location. With an assessed value of $715,000, it sits well above average for its street, neighbourhood, and the entire city, indicating a property that is both substantial and in high regard. The lot size is average for the area, providing a balanced urban footprint. A key, less obvious perspective is the home’s age. Built in 1913, it is notably older than most homes on its street and in Winnipeg. This will strongly appeal to buyers seeking classic character and architectural details, but it also implies a greater responsibility for maintenance and potential updates compared to a newer build.

This property would ideally suit growing families or multi-generational households who prioritize interior space and a prime neighbourhood over a new construction. It is also a strong match for buyers who appreciate historic charm and are prepared to steward a century-old home, viewing its age as an asset of character rather than a drawback.

Frequently Asked Questions

1. How does the home’s age impact its value and condition?
Built in 1913, the home offers classic character but is significantly older than the Winnipeg average. Buyers should budget for a thorough inspection to understand the condition of older systems like plumbing, electrical, and the foundation, which can be offset by the enduring quality and charm of materials from that era.

2. The assessed value is high. What does this mean for property taxes?
A $715,000 assessment is in the elite tier citywide. While this confirms the property’s substantial market value, it also means annual property taxes will be correspondingly higher than for a home with an average assessment. Prospective buyers should factor this into their ongoing budget.

3. The living space is large, but the lot is average. What does this mean for outdoor space?
With a 4,807 sqft lot that is typical for North River Heights, the home makes efficient use of its land. The generous living area likely occupies a significant portion of the footprint, meaning outdoor garden or yard space may be functional but not expansive. The focus here is on interior volume.

4. The home sold in early 2022. What can that price tell me?
The sold price range from February 2022 (CA$500k–550k) provides a historical benchmark, but it reflects the market conditions of over three years ago. Given the substantial assessed value today, it indicates significant appreciation, but for a current market valuation, consultation with a local real estate professional is essential.

5. Where can I see more details about the neighbourhood and comparable homes?
For a detailed visual analysis, including maps comparing this property to nearby homes based on year built, size, and value, you can open the neighbourhood analysis page linked in the original listing data.