Property Overview: 171 Cambridge Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, land, and established character. Built in 1924, it is notably older than most homes in its immediate area, suggesting classic architectural details and mature landscaping. Its primary appeal lies in its generous proportions: with 1,877 sqft of living space, it is significantly larger than the average home on its street and across Winnipeg. More strikingly, the 7,212 sqft lot is exceptionally large for the North River Heights neighborhood, ranking in the top 4% of area properties. This offers rare potential for gardens, expansion, or simply ample private outdoor space.
The assessed value of $452k sits around the average for North River Heights but is above average for the city overall, positioning it as a solid value within a desirable neighborhood. A thoughtful perspective is that this property offers more house and significantly more land than is typical, without a proportionally extreme price premium for the area. It would suit a buyer looking for character and space over new construction, who values a large yard for family, pets, or gardening. It’s also a fit for those who appreciate established, tree-lined communities and have the understanding that a century-old home may come with maintenance considerations alongside its charm.
Frequently Asked Questions
1. How does the age of the home affect its value and condition?
Built in 1924, the home is older than most in the area. This often means character features and mature trees, but it also implies a need for diligent maintenance and potential updates to systems like plumbing, electrical, or windows. The assessed value factors this in, positioning it as an average value for the neighborhood.
2. Why is the lot size considered such a standout feature?
At over 7,200 sqft, the lot is in the top 4% for North River Heights, where the average is about 5,054 sqft. This size is uncommon in established central neighborhoods and is a major asset for privacy, recreation, or future projects.
3. How does the living area compare to nearby homes?
With 1,877 sqft, the home offers substantially more interior space than the average home on Cambridge Street (~1,332 sqft) and in Winnipeg overall (~1,342 sqft). This suggests a comfortable layout with room for growing families or dedicated living areas.
4. What can the 2016 sale price tell me about the property's history?
The home sold for between $300,000 and $350,000 in late 2016. The current assessed value of $452k reflects market changes and any improvements made over the past eight years. For exact historical sale prices, a manual lookup is required.
5. How is the assessed value positioned in the market?
At $452k, the home’s assessed value is above average for Winnipeg and typical for the North River Heights area. This suggests you are paying for the location and the unique land size, rather than an inflated price per square foot relative to the neighborhood.