Property Overview: 207 Cambie Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 207 Cambie Road in the Meadows neighborhood is a practical, no-frills property that offers value through its modesty and established location. Built in 1978, it features 920 square feet of living space on a 3,199 sqft lot. The data reveals a home that is consistently "around average" for its immediate street but falls "below average" in size and lot dimensions when compared to the broader Meadows area and city. Its assessed value is notably lower than area averages, suggesting a potentially accessible entry point.
The appeal lies in its straightforward affordability and positioning as a manageable property. It suits first-time homebuyers or investors seeking a lower-cost entry into the Winnipeg market without the premium for larger, modernized homes. A thoughtful perspective is that its very "averageness" on its street provides stability, insulating it from standing out negatively in direct comparisons with neighbors. The lot, while smaller than area norms, offers a low-maintenance yard—an often-overlooked benefit for those seeking simplicity over expansive outdoor space.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold between $250k-$300k in 2021. Its current assessed value of $32,800 is significantly lower, which is important to discuss with a real estate professional to understand current market valuation versus municipal assessment for tax purposes.
2. Is the living space suitable for a growing family?
At 920 sqft, the living area is below the neighborhood average. It would best suit individuals, couples, or a small family comfortable with cozier quarters, or a buyer planning a thoughtful expansion, subject to local regulations.
3. What does the "below average" lot size mean for me?
The 3,199 sqft lot is smaller than most in Meadows. This typically translates to less yard maintenance and lower landscaping costs, which can be a practical advantage. However, it may limit options for large additions, pools, or extensive outdoor living spaces.
4. The home is 48 years old. What should I consider?
A home of this age may have undergone updates, but a thorough inspection is crucial to assess the condition of major systems like roof, wiring, plumbing, and foundation. Its built date is actually older than the city average, indicating a more mature, established streetscape.
5. Who are the typical buyers for a property like this?
This property primarily attracts value-conscious buyers. This includes first-time purchasers, practical downsizers, or investors looking for a rental property with a relatively lower entry cost compared to the wider area. Its profile suggests it's a functional home rather than a premium or luxury offering.