Property Overview
This home at 62 Cambie Road in Winnipeg's Meadows neighbourhood presents a solid, grounded opportunity. Built in 1984, its key appeal lies in its strong relative standing within its immediate area, particularly when it comes to the lot size and assessed value. With 1,040 sqft of living space, the house itself is functionally sized and typical for the street. The true standout is the 5,723 sqft lot, which is notably larger than many of its neighbours, offering above-average outdoor space for the locale. Its assessed value ranks in the top 9% on Cambie Road, suggesting it is viewed as a higher-value property on its street, which can be a positive indicator for future equity.
This property would suit a practical buyer looking for a well-established neighbourhood. It’s ideal for someone who values a larger yard over a maximized interior footprint, or for a first-time buyer seeking a home with a strong foundation in a community of similar properties. Its "above average" rankings on its own street for value, lot size, and year built indicate a home that has held its position well in its direct micro-market.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
The living area of 1,040 sqft is very close to the average for Cambie Road (1,031 sqft). It provides a comfortable, standard layout for the area without being overly large or small.
2. The assessed value seems high for the street. Is that good?
Yes, it generally is. An assessed value ranking in the top 9% on its street suggests the municipal assessment views this property as one of the more valuable on the block. This can reflect factors like lot size, condition, or improvements, and often correlates with stronger resale value in the immediate area.
3. What does the lot size mean for me?
At 5,723 sqft, the lot is significantly larger than the street and neighbourhood averages. This translates to more private outdoor space, greater potential for gardening, additions, or recreational use, and typically more distance from adjacent homes.
4. The home is 42 years old. What should I consider?
A home from this era will likely have seen updates, but core systems (roof, windows, furnace, plumbing) may be at or beyond their typical lifespan. A thorough inspection is crucial. On the positive side, it was built in a period with generally standard construction practices and neighbourhoods with mature landscaping.
5. How can I find out what it last sold for?
The provided sold price history shows a range. For the exact sale price, you can request it via email from the listing source. This is a common practice to ensure accurate data is shared directly with serious buyers.