Property Overview: 46 Cambie Road, Winnipeg
Key Characteristics & Appeal
This home at 46 Cambie Road in the Meadows neighborhood presents a distinct value proposition centered on its land and location. Built in 1984, it is a newer construction compared to many homes on its street and across Winnipeg. The primary standout feature is the generous 6,067 sqft lot, which is notably larger than most in the immediate area and ranks above average city-wide. This offers significant outdoor space and potential.
The appeal here is for a specific buyer. The living space, at 840 sqft, is compact and below the average for the neighborhood, suggesting a cozy, efficient layout. Combined with a relatively low assessed value, this points to an accessible entry point into the market. The property suits first-time buyers, investors, or downsizers who prioritize a larger yard over interior square footage. Its value lies in the land itself and the opportunity it represents—whether for gardening, expansion, or future redevelopment—within a well-established community. A thoughtful perspective is that this property trades interior space for exterior potential, making it a strategic purchase rather than a move-in-ready dream home.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average for comparable homes?
The assessed value is based on specific municipal evaluations and is more meaningfully compared to homes on the same street and in the same neighborhood, where it is around average. The dramatically different city-wide average likely includes a much wider variety of property types and locations.
2. How does the smaller living area impact livability and value?
The 840 sqft footprint indicates a efficient, likely single-story layout. It limits space for larger families but can mean lower utility costs and less maintenance. The value is balanced by the large lot, which could allow for a future addition if desired and regulations permit.
3. What does the sold price history from 2016 indicate?
The prior sale in the CA$250k–300k range provides a historical benchmark. Market conditions have changed since 2016, but this data point is crucial for understanding the property’s price trajectory and should be compared with recent sales of similar homes in the Meadows area.
4. Is the larger lot a guarantee for future expansion or subdivision?
Not automatically. While the lot size is an advantage, any expansion, addition, or subdivision would require checking with the City of Winnipeg’s zoning bylaws, development plans, and obtaining the necessary permits. The potential is there, but it is not a given.
5. How does the age of the home (1984) affect maintenance?
A home from the 1980s is past its original warranty period but is not considered a historical property. Key components like the roof, windows, furnace, and major systems may be nearing or past their typical lifespans, so a thorough inspection is advised to budget for potential updates.