Property Overview: 415 Cambridge Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 415 Cambridge Street is a compelling property defined by its generous interior space within a well-established neighbourhood. Built in 1938, it is an older character home that offers significantly above-average living space. With 1,828 square feet, it ranks in the top 25% for size both in North River Heights and citywide, providing more room than most comparable properties. This is paired with a high assessed value of $550,000, which also places it well above average for the street, neighbourhood, and city, indicating its perceived market worth.
The appeal lies in this combination of spaciousness and location. It suits buyers looking for the character and mature streetscapes of North River Heights who prioritize interior square footage over a large yard, as the lot size is slightly below average for the area. The sales history shows strong appreciation, last selling between $550k-$600k in mid-2024, a notable increase from its 2017 sale in the $400k-$450k range. This property would best suit a buyer who values established communities, appreciates a home with history, and wants ample living space without necessarily requiring the largest lot on the block. It represents a solid, above-average offering in a desirable area.
Frequently Asked Questions
1. How does the age of the home (built in 1938) affect its value?
While the home is older than many on its street, its above-average assessed and recent sale value suggest its spacious layout and location outweigh the age factor. Buyers should budget for potential updates common to homes of this era, but the data indicates the market rewards its specific attributes.
2. Is the lot size a disadvantage?
The land area is modest for the street but is around the neighbourhood average. This could be a plus for buyers seeking lower outdoor maintenance, though it may offer less space for expansions or large landscaping projects compared to some immediate neighbours.
3. What does the sold price history tell us?
The significant increase in sale price from 2017 to 2024 demonstrates strong value growth. This trend suggests the property is in a stable or appreciating area, but it also means the current price reflects its recent market peak.
4. Who are the most likely buyers for this property?
It’s well-suited for growing families or professionals needing space in a central, established neighbourhood. It may also appeal to buyers transitioning from newer, smaller homes who want character and room without moving to the distant suburbs.
5. How can I verify the exact past sale prices?
The site provides estimated price ranges. To obtain the precise sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.