Property Overview: 161 Cambie Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 161 Cambie Road in the Meadows neighbourhood presents a compelling mix of established value and above-average space. Built in 1978, it is a mature property that stands out in its immediate area for its generous proportions. With 1,259 sqft of living area, it is notably larger than most homes on Cambie Road and is competitive within the wider Meadows area. The lot size of 5,603 sqft is also consistently above average for both the street and the neighbourhood, offering good outdoor space.
The primary appeal lies in its strong value proposition and established location. The home’s assessed value ranks in the elite top 2% on its street, suggesting it is viewed as a premium property in its direct peer group. Recent sale history indicates solid market performance. This combination of a larger-than-average home and lot in a settled area, coupled with a strong assessed value, points to a property with inherent stability.
This home would suit practical buyers looking for space and value in an established community. It’s ideal for someone who appreciates a mature neighbourhood character and may see potential in a home from the late 70s, possibly with updates needed. It would also appeal to a value-conscious buyer who recognizes the advantage of a larger parcel and living area compared to immediate neighbours.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
It is significantly larger than most on its street. The living area ranks in the top 21% of 87 homes on Cambie Road, and the lot size is in the top 25%. Within the broader Meadows area, both metrics remain above average.
2. What does the “Elite” assessed value ranking mean for this street?
With an assessed value of $43,200 ranking 2nd highest out of 87 on Cambie Road, it signifies the municipal assessment views this as one of the most valuable properties on the block. This often reflects its larger size and can be a marker of established desirability.
3. The home was built in 1978. Is it older than most in the area?
Yes, for the Meadows neighbourhood, it is older than about 90% of comparable homes. However, on its own street and city-wide, its age is much closer to the average. This suggests Cambie Road is an older pocket within a generally newer neighbourhood.
4. What can recent sale prices tell us?
The home sold between $450k-$500k in 2024, a price that placed it in the top 3% for its street and top 17% for the Meadows area at that time. This supports the trend of it commanding a premium relative to nearby properties.
5. How can I get the exact historical sold price?
The exact sold prices are not published publicly. You can request them directly via the email link provided on the listing page. The service is manual, with a promise of a reply by the end of the same day and no unsolicited marketing use of your email.