Property Overview: 453 Cambridge Street, Winnipeg
Key Characteristics & Appeal
This is a modest, well-established home in North River Heights, built in 1941. With 1,098 sqft of living space, it offers a comfortable footprint for a smaller household. Its assessed value of $396k is notably below the neighbourhood average, positioning it as a more accessible entry point into this desirable area. The lot size of 3,604 sqft is compact compared to most on its street and in the wider city, which suggests lower maintenance and a cozy setting.
The primary appeal lies in its value proposition within a prime neighbourhood. It suits first-time buyers seeking a foothold in a mature community without the premium price tag of larger homes, or downsizers looking to right-size into a manageable property while staying in a central location. A thoughtful perspective is that its below-average metrics for the area—in size, value, and lot—may indicate less competition from buyers seeking grander homes, potentially creating an opportunity. Its "around average" standing citywide on key metrics confirms it as a solid, typical Winnipeg property, just one that sits at the more modest end within its own affluent neighbourhood.
Frequently Asked Questions
1. Is this a good value for North River Heights?
Based on assessed value, this home ranks in the bottom 25% for the neighbourhood, meaning it is priced significantly below the area average. This can represent a strong value for gaining access to the community's amenities and character.
2. How does the lot size impact the property?
The lot is compact, ranking in the bottom 5% on its street. This translates to less yard maintenance, which can be a benefit, but also means limited space for expansions, large gardens, or additions compared to neighbouring properties.
3. What can the past sale price tell us?
Records show it last sold between $350k-$400k in late 2020. This provides a recent benchmark, suggesting the current assessed value is in a logical range relative to that transaction.
4. Is a home from 1941 a concern?
The year built is typical for North River Heights. While the home will likely have the character and solid construction of its era, prospective buyers should budget for potential updates to older mechanical systems, windows, or insulation that are common with houses of this age.
5. How can I verify the exact historical sale prices?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history via email from the provider, who will manually send the verified figures.