Property Overview: 357 Cambridge Street, Winnipeg
Key Characteristics & Buyer Appeal
This home on Cambridge Street in North River Heights is defined by its generous proportions and established character. Built in 1929, it offers substantial living space of over 2,000 sqft, which ranks well above average for the street, neighborhood, and city. Its most standout feature is the large 7,211 sqft lot, placing it in the top 5% of properties in North River Heights for land area. This combination suggests a home with ample room indoors and significant potential outdoors.
The appeal lies in its established, above-average footprint in a mature neighborhood. The assessed value of $652k is notably higher than local averages, reflecting its size and desirability. This isn't a modern, newly-built property; its charm and value are rooted in its vintage and the scale it offers. It would best suit a buyer looking for a character home with room to grow, garden, or entertain, who values space over newness and is comfortable with the maintenance considerations of a near-century-old home. It’s a property for those who prioritize lot size and interior volume, seeing the older build date as an opportunity for personalized updates rather than a drawback.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in August 2019 for between $550k and $600k. Its current assessed value of $652k is higher, which can reflect market changes, improvements, or the city's valuation methodology. It's important to get a professional market evaluation for the current climate.
2. What are the implications of the 1929 build date?
While offering classic character and solid construction, a home of this age will likely have older systems (like plumbing, wiring, or heating). A thorough pre-purchase inspection is essential to understand the condition and potential future investments needed for updates or maintenance.
3. What does the large lot size practically offer?
A lot of over 7,200 sqft in this area is a significant asset. It provides exceptional privacy, space for large gardens, play areas, or additions like a detached garage or patio. It also future-proofs the property against feeling cramped as the neighborhood evolves.
4. The data shows "Elite" or "Top" rankings for value and land. Does this mean it's overpriced?
Not necessarily. These rankings show it is a substantial property compared to peers. The value reflects its scarcity—homes with this much land and living space are uncommon in these areas. The market ultimately determines the price, but the data indicates it is a premium offering in its category.
5. Where can I see exact historical sale prices?
The provided sold price is an estimated range. Due to data licensing rules, exact sale figures are not published online here. You can request the exact sale history by emailing the site directly for a manual lookup, which they provide without obligation.