323 Cambridge Street

Property Overview: 323 Cambridge Street, North River Heights, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 323 Cambridge Street is a standout property defined by its generous scale and premium valuation in a desirable established neighbourhood. Its key characteristic is substantial size: with 2,596 sqft of living space, it ranks in the top 3-5% compared to homes on its street and in North River Heights, offering significantly more room than area averages. This is complemented by a large 7,209 sqft lot, providing ample outdoor space that is above average for the area.

The appeal lies in its clear stature as a premier, well-established home. With an assessed value of $809,000, it sits comfortably in the top 2-4% of homes across comparison levels, indicating a recognized premium quality and location. The home’s 1928 build date is a double-edged sword; it places it among the older homes on the block, which suggests classic character and mature landscaping, but also implies that its condition and any updates are critical to its value. It last sold in July 2017 for between $650,000 and $700,000.

This property would ideally suit buyers looking for a spacious, classic home in a prime inner-city neighbourhood, who prioritize interior square footage and lot size over a newer build. It appeals to those who understand the value proposition of an older character home and are either prepared to maintain its heritage or appreciate the solid foundation of a well-kept property from that era. It is less suited for those seeking a modern, turn-key new build without potential renovation projects.

Section 2: Frequently Asked Questions

1. What does the "Elite" ranking for living area and value actually mean?
It means this home is exceptionally large and highly valued compared to its peers. Its living space is larger than about 97% of similar homes in Winnipeg, and its assessed value is higher than about 98% of them city-wide, confirming its status as a premium property.

2. The home was built in 1928. Should I be concerned?
Not necessarily, but it requires due diligence. While older than most on its street, many homes in North River Heights are from a similar era. The key factors are the current condition of major systems (roof, wiring, plumbing, foundation) and the quality of any updates over the years. Its high assessed value suggests it has been maintained as a premium asset.

3. How accurate is the assessed value compared to a likely selling price?
Assessed value is for municipal tax purposes and is a mass appraisal. While it’s a strong indicator of the home’s relative worth ($809k places it in the top tier), the actual market price is determined by current conditions, specific features, and buyer demand. The home’s last known sale was in 2017, so recent market shifts are not reflected in that older sale price.

4. The lot is large, but what does "above average" really offer?
A 7,209 sqft lot in this neighbourhood provides valuable outdoor space for gardens, recreation, or potential additions (subject to zoning). It offers more privacy and breathing room than many city lots, which is a permanent and scarce advantage that contributes significantly to the property’s premium valuation.

5. How can I verify the exact past sale price?
The site provides an estimated range from public records. To obtain the exact, verified sale price from the last transaction, you must request it directly via the email function provided. This is due to industry regulations that prevent the direct display of certain sales data.