Property Overview: 433 Cambridge Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, location, and value in the established North River Heights neighbourhood. Its primary appeal lies in its generous 1,751 sqft living area, which ranks well above average for its street, area, and the city overall, offering more interior room than many comparable properties. With an assessed value of $467,000, it sits at a competitive point—above average for the city and its immediate street, yet around the median for the North River Heights area, suggesting a solid value proposition within this desirable community.
The 5,410 sqft lot provides ample outdoor space, ranking above average for the neighbourhood. Built in 1940, the home is older than many on its street but typical for the area, indicating a character property that may appeal to those not seeking a new build. A less obvious perspective is that its above-average size on a relatively average-valued lot for the street could signal a home that has been expanded or thoughtfully configured to maximize living space, a potential bonus for buyers.
This property would best suit buyers looking for a spacious, established home in a prime neighbourhood without the premium price tag of a newer construction. It’s ideal for those who prioritize interior square footage and a generous yard over a modern build date, and for value-conscious purchasers who see potential in a well-located, characterful home.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $467,000 is for municipal tax purposes. The last known sale was between $450,000-$500,000 in August 2021. The current market price will be influenced by recent sales, condition, and market trends, and may differ from the assessed value.
2. The home was built in 1940. What should I consider?
While the build date is typical for North River Heights, a home of this age will require a thorough inspection. Key focuses should be the foundation, roof, wiring, plumbing, and windows. This also represents an opportunity for energy-efficient upgrades and personalized renovations.
3. The living area is large compared to neighbours. What does this mean?
Ranking in the top 24% on its street for size, this home offers significantly more interior space (1,751 sqft) than the street average (~1,332 sqft). This could be due to a smart original floor plan, a past addition, or finished lower-level space. It’s a major advantage for buyers needing room.
4. Is the lot size typical for the area?
At 5,410 sqft, the lot is above average for North River Heights, ranking in the top 24% locally. This means you’re getting more outdoor space than many properties in the neighbourhood, which is great for gardening, play, or entertaining.
5. How can I get the exact historical sale prices?
The site provides sold price ranges for privacy. To obtain the exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.