Property Overview: 34 Cambie Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 34 Cambie Road in the Meadows neighbourhood presents a practical and straightforward opportunity. Built in 1984, it is a newer construction compared to many homes on its street and across Winnipeg, which can suggest updated building materials and potentially fewer immediate maintenance concerns related to aging infrastructure.
The property’s primary appeal lies in its balance. The living space (840 sq ft) is compact, positioning it well for those seeking efficiency and lower utility costs. However, it sits on a generous and slightly above-average lot for its immediate area (5,298 sq ft), offering valuable outdoor space and future potential. Its recent sold price history indicates steady market acceptance.
This home would best suit first-time buyers, downsizers, or pragmatic investors looking for an entry point into the market without a major renovation project. Its appeal is grounded in functionality and lot size rather than square footage, making it ideal for someone who values outdoor space or a manageable interior. A thoughtful perspective is that its "below average" living area compared to the neighbourhood might translate to a lower price point, allowing a buyer to invest in personalizing or expanding the home over time.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
The living area is 840 sq ft, which is below the average for both the Meadows area and the city. This makes it a more compact home, but it is balanced by a lot size that is slightly larger than average for its immediate street.
2. What does the assessed value tell us?
The assessed value is around the average for its street but below the average for the Meadows neighbourhood. It’s important to note that assessed value is for tax purposes; the recent sold price (CA$350k–400k in 2024) is a more direct indicator of its current market value.
3. Is the home newer or older than most in the area?
Built in 1984, this home is notably newer than many on Cambie Road and is also above the city-wide average for year built. This can be an advantage regarding the age of core components like wiring, plumbing, and the roof.
4. What is the recent sales history?
The property sold in 2017 for an estimated CA$250k–300k and again in 2024 for CA$350k–400k. This indicates a pattern of market activity and price appreciation over a seven-year period.
5. Where can I see more detailed comparisons with nearby homes?
A neighbourhood analysis page is available, offering a map view to compare this property with nearby houses based on year built, living area, assessed value, and lot size. This can provide clearer context than broad averages.