Property Overview: 172 Cambie Road, Winnipeg
Key Characteristics & Appeal
This 890 sqft bungalow, built in 1983, sits on a 5,000 sqft lot in the Meadows neighbourhood. Its key appeal lies in its position as a competitively priced, no-surprises home in a mature area. The numbers tell a clear story: this is a property that is consistently average or slightly below average in its immediate vicinity for size and assessed value, but holds its own on its own street. This suggests a well-kept home in a stable, established setting without a premium price tag.
The appeal is grounded in practicality and value. The lot size is generous for the area, offering outdoor space potential. While the living area is compact, its assessed value is proportionally lower, indicating a potentially attractive entry point. It would suit first-time buyers seeking an affordable foothold in Winnipeg, downsizers looking for a manageable property with a good lot, or value-focused investors interested in a straightforward rental property with modest carrying costs. A less obvious perspective is that a home ranking "around average" on its own street can represent a lower-risk purchase, as it's less likely to be over-improved or an outlier, making its value easier to support.
Frequently Asked Questions
1. How does the home's value compare to recent sales?
The property sold in the $350k-$400k range in 2021 and the $250k-$300k range in 2017. These past sale prices ranked in the top 28% and top 64% on Cambie Road, respectively, indicating it has historically traded at a competitive value relative to its direct neighbours.
2. Is the living space smaller than typical homes?
Yes. At 890 sqft, the living area is below the average for both the broader Meadows area (1,286 sqft) and the city overall (1,342 sqft). However, it is closer to the average for homes specifically on Cambie Road (1,031 sqft).
3. What does the assessed value indicate?
The current assessed value of $34,500 is slightly above the street average but below the area average. City-wide, it sits near the middle. This generally reflects a market value that is modest and in line with the home's size and vintage for Winnipeg.
4. How does the lot size compare?
The 5,000 sqft lot is a positive feature. It is slightly larger than the average lot on Cambie Road and is very close to the average for the Meadows neighbourhood, offering more outdoor space than many city lots.
5. Where can I see more detailed context for this property?
A dedicated neighbourhood analysis page is available, showing this home on a map alongside nearby houses for direct comparison of year built, living area, assessed value, and lot size.