Property Overview: 27 Cambie Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 27 Cambie Road in the Meadows neighborhood presents a specific and practical value proposition. Its key characteristic is its compact size, with a living area of 691 sqft that is notably below averages for the street, neighborhood, and city. This is balanced by a reasonably sized lot of 5,398 sqft, which is typical for the area. The assessed value of $318k sits around the average for Cambie Road itself but is below the broader neighborhood average, suggesting a potentially accessible entry point into the area.
The appeal lies in its efficiency and lot potential. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance footprint without sacrificing outdoor space. The home is newer than many in Winnipeg (built in 1984), which can be appealing for those wary of major aging-infrastructure issues common in older stock. A thoughtful perspective is that this property represents a "land play" with a liveable structure—the value is significantly in the lot, offering future potential for expansion or redevelopment relative to its current modest square footage.
Section 2: Frequently Asked Questions
1. Is the low square footage a concern for resale?
While the living area is below average, the assessed value already reflects this. Its appeal is to a specific market segment prioritizing lot size and location over interior space, which remains consistent.
2. How does the assessed value compare to likely market price?
The assessed value ($318k) is a municipal tax valuation, not a market appraisal. It indicates the home is valued below the Meadows neighborhood average but is typical for Cambie Road. A market evaluation would consider current conditions, the home's interior condition, and recent comparable sales.
3. What are the implications of the home being built in 1984?
This is a relative strength. It is newer than most Winnipeg homes and many on its street, potentially meaning updates to major systems (like wiring or plumbing) may be more recent than in pre-1970s homes, though a full inspection is still essential.
4. Why is the lot size important if the house is small?
The lot is a defining asset. It provides outdoor space, privacy, and options that smaller lots do not. For the right buyer, this space for gardening, recreation, or future expansion adds significant value beyond the interior square footage.
5. How can I get accurate historical sale price data for this property?
As noted on the detail page, sold price history is not displayed publicly here due to industry data rules. You can request exact figures by email through the provided "Request exact figures by email" option, and the team will provide the data manually.