Property Overview: 319 Cambridge Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of generous space and a prime lot in the established North River Heights neighborhood. Its standout features are its scale and land: with over 2,130 square feet of living area and a 7,214 square foot lot, it significantly exceeds local averages. In fact, the lot size ranks in the top 4% for the area, offering rare potential for gardens, expansion, or simply ample outdoor privacy. Built in 1931, the property is one of the older homes on its street, which may appeal to those seeking classic character and architectural details, though it also implies a consideration for maintenance and updates.
The appeal lies in its established, above-average stature within a desirable community. The assessed value of $608,000 consistently places it in the top 15% across street, area, and city comparisons, indicating a recognized premium. It suits buyers looking for a substantial family home with room to grow on one of the larger parcels in the neighborhood. It would particularly resonate with those who value space over newness, and who see the older vintage as an opportunity to tailor a solid, well-located property to their own tastes.
Frequently Asked Questions
1. How does the 1931 build year affect this property?
While older than many area homes, it sits around the neighborhood average for age. This suggests a mix of classic charm and potential need for system updates (like plumbing, electrical, or windows). A thorough inspection is especially important to understand the condition and any modernization already completed.
2. The lot is notably large. What does that mean practically?
A lot in the top 4% for North River Heights is a significant asset. It provides more yard space, greater distance from neighbors, and increased potential for future additions like a garage, deck, or garden suite, subject to zoning approvals.
3. The assessed value is $608k, but it sold for between $700k-$750k in 2021. Why the difference?
Assessed value is for municipal tax purposes and often lags behind the current market. The 2021 sale price is a more direct indicator of its recent market value, showing that buyers have been willing to pay a premium well above its assessment.
4. What is the neighborhood context of Cambridge Street?
The data shows homes on this street have, on average, a higher assessed value and larger lots than the broader North River Heights area. This suggests Cambridge Street itself is a desirable, established corridor within the neighborhood.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for general reference. To obtain the exact sale price and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.