Property Overview
This two-storey home at 669 Cambridge Street in Winnipeg's Central River Heights presents a compelling opportunity, particularly for its generous living space and desirable location. Built in 1966, the house stands out in its neighbourhood for being significantly newer than many surrounding properties. Its primary appeal lies in its above-average 2,163 sqft of living area, offering substantial room for a family, which is complemented by a nearly 6,000 sqft lot. The property features a detached garage and an unrenovated basement, presenting a clean slate for future customization. It last sold in March 2022 for $550,000, with a current assessed value of $570,000.
This home would suit buyers looking for a well-sized, classic family home in a central, established area without paying a premium for a recently updated interior. It’s ideal for someone who values space over turn-key condition and sees potential in personalizing a property over time. A less obvious angle is its appeal to a buyer interested in "generational age" homes; being built in the 1960s, it likely benefits from modernized wiring and plumbing compared to much older neighbourhood homes, while still offering classic character.
Frequently Asked Questions
1. How does the home's age compare to others in Central River Heights?
The home was built in 1966, which is considered "Elite" for the neighbourhood (top 1%). This means it is notably newer than the area average, which is around 1953, potentially implying fewer issues with very aged infrastructure.
2. Is the living space large for the area?
Yes. With 2,163 sqft, the living area ranks in the top 4% for Central River Heights and is about 800 sqft larger than the neighbourhood average for comparable homes, offering significant interior space.
3. What should I know about the condition?
The listing notes the basement is "not renovated." This suggests the main living areas may be in liveable condition, but the basement represents an opportunity (or future project) for finishing or updating to add value and functional space.
4. How does the lot size compare?
The 5,992 sqft lot is above average for Cambridge Street itself and slightly above the neighbourhood average. It provides a good balance of yard space without being excessively large to maintain.
5. Has the property value increased recently?
The assessed value of $570,000 is higher than the March 2022 sale price of $550,000. This indicates a positive market trend for the property, though the assessed value is an estimate for taxation, not a guaranteed market price.