Property Overview: 51 Cambie Road, Winnipeg
Key Characteristics & Appeal
This home at 51 Cambie Road in the Meadows neighbourhood presents a practical and balanced offering. Built in 1984, it is notably newer than many homes on its street and across Winnipeg, which can mean fewer immediate concerns with aging infrastructure. With 1,040 sqft of living space, it is very typical for Cambie Road but sits slightly below the average for both the Meadows area and the wider city, suggesting a efficient, manageable layout.
The property’s standout feature is its 5,628 sqft lot, which is generously sized compared to most in its immediate vicinity and the Meadows neighbourhood. This above-average outdoor space is a significant asset for gardening, recreation, or future expansion. The assessed value of $340,000 is around the middle of the pack on its street and city-wide, but ranks below average for the Meadows area, potentially indicating room for value growth or a favourable entry point into the neighbourhood.
This home would suit first-time buyers or downsizers looking for a well-located, low-maintenance property with a reliable build date and a premium lot size. Its appeal lies in its relative modernity for the area and the valuable land component, offering a solid foundation in a mature community.
Frequently Asked Questions
1. How does the home’s size compare to nearby properties?
At 1,040 sqft, the living area is almost identical to the average home on Cambie Road (1,031 sqft). It is moderately smaller than the typical Meadows home (1,286 sqft) and the Winnipeg average (1,342 sqft), indicating a more compact, efficient footprint.
2. Is the assessed value typical for the area?
The $340,000 assessment is around average for the street and the city. However, it ranks below the 79th percentile for the Meadows neighbourhood, meaning many area homes have a higher assessed value. This could reflect the home’s smaller size or present a comparative value opportunity.
3. What is the significance of the 1984 build year?
Built in 1984, this home is newer than 93% of comparable properties on Cambie Road and 70% city-wide. In a practical sense, this often translates to building materials, electrical systems, and insulation that meet more modern standards, potentially reducing near-term upgrade costs.
4. How does the lot size benefit a buyer?
The 5,628 sqft lot is larger than approximately 76% of lots on its street and 71% in the Meadows area. This provides more private outdoor space than is common locally, which is a fixed feature that cannot be easily replicated.
5. What can past sale data tell us?
Public records indicate a sale between $250,000-$300,000 in 2016. To understand the precise sales history and price progression, which is crucial for gauging market trends, you can request the exact sold price data directly via the provided email service.