Property Overview: 125 Cambie Road, Winnipeg
Key Characteristics & Appeal
This home at 125 Cambie Road in the Meadows neighbourhood presents a straightforward, entry-level opportunity in the Winnipeg market. Built in 1978, it is a smaller-scale property with 809 square feet of living space on a 3,733 sqft lot. The data indicates its size and assessed value are consistently below the averages for its immediate street, the broader Meadows area, and the city as a whole.
Its primary appeal lies in its accessibility. With a historically lower sold price and a modest assessed value, it represents a potential foothold in the market for those priced out of larger or more updated homes. The lot size, while below area averages, is fairly typical for the street itself, suggesting a manageable outdoor space. A thoughtful perspective is that a home ranking "below average" in key metrics within a stable neighbourhood can often represent a value proposition for a specific buyer—the trade-off in space and modern features is reflected in the price, allowing for equity building in a known location. This property would likely suit first-time buyers, investors looking for a rental property, or downsizers seeking minimal upkeep and a lower cost base. It’s a practical choice for those who prioritize location and budget over size and modern finishes.
Frequently Asked Questions
1. Is this a small house?
Yes. At 809 sqft, the living area is notably smaller than most homes on Cambie Road, in the Meadows area, and across Winnipeg. This is a compact, efficient layout.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value of $28,600 reflects the property's smaller size, age, and likely its condition and features relative to the broader market. It is important to note that assessed value is for tax purposes and does not directly predict market sale price.
3. What does the sold price history tell us?
The home sold in the $250,000-$300,000 range in 2021. This past price, combined with its below-average assessments, suggests it has been positioned as a more affordable option in the area.
4. How does the lot size compare?
The lot is 3,733 sqft, which is slightly below average for the street and more noticeably below the average for the Meadows neighbourhood. It is a standard urban lot suitable for a smaller home.
5. You mention "exact sold price" is available by email. Why isn't it shown directly?
Sold prices in Manitoba are not publicly available in a centralized database. The ranges provided are estimates based on publicly available internet data. The service offers to manually provide the exact figure upon request to ensure accuracy for serious inquiries.