Kvatch Rebuilt (allows you to rebuild Kvatch after its devastation)
http://oblivion.nexusmods.com/mods/16815/ (adds the city of Sutch which was meant to be in the game but scrapped)
http://oblivion.nexusmods.com/mods/41012/
http://oblivion.nexusmods.com/mods/39591/
http://oblivion.nexusmods.com/mods/42490/
http://oblivion.nexusmods.com/mods/9562/?
http://oblivion.nexusmods.com/mods/43612/ (I know you said no graphics overhauls but this deserves at least a consideration)
http://oblivion.nexusmods.com/mods/40757/?
Mostly quest mods, but I've found that it's these kinds of mods that tend to be very high quality and add to the game a hell of a lot more than skimpy armour and plastic faces.
Oh, and the Unofficial Patches. They are a requirement.
EDIT: Forgot this one - http://oblivion.nexusmods.com/mods/30568//?