Property Overview: 113 Cambie Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 113 Cambie Road is a practical, no-frills property in Winnipeg's Meadows neighbourhood. Built in 1978, its key characteristic is its modest scale: with 827 sqft of living space on a 3,000 sqft lot, it is consistently below the average size for its street, area, and the wider city. This is reflected in its assessed value, which is also notably below local averages.
The appeal lies in its potential as an affordable entry point into the housing market. The lower property taxes associated with the assessment and the manageable lot size reduce ongoing upkeep demands. It would suit first-time buyers or investors seeking a straightforward, lower-maintenance property. A less obvious perspective is that its smaller footprint and lot, while not offering expansiveness, can represent a simpler, more efficient living arrangement for those looking to minimize both their financial outlay and physical space to maintain. Its sale in 2022 within the $250k-$300k range further anchors it as a value-oriented option.
Section 2: Frequently Asked Questions
1. Is this a small house compared to its neighbours?
Yes. The living area is smaller than about 76% of homes on Cambie Road and 90% of homes in the Meadows area, making it one of the more compact properties in the locale.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $28,700 is significantly below averages due to the home's smaller size and lot dimensions compared to typical Winnipeg properties. It ranks in the bottom 26% city-wide for assessed value.
3. What can the 2022 sale price tell me?
The home sold for an estimated $250,000-$300,000 in 2022. This recent transaction provides a concrete market-based benchmark, suggesting it trades at a price point well below the city's average home value.
4. Who might this property not be suitable for?
It may not suit buyers looking for ample indoor space, a large yard, or a newer home. Those needing multiple bedrooms, room for growth, or extensive outdoor areas will likely find it too confined.
5. How does the lot size impact the property?
The 3,000 sqft lot is compact, placing it in the bottom 15% on its street. This means minimal yard maintenance but also limited potential for expansions like large decks, additions, or extensive landscaping without creative design solutions.