235 Cambridge Street

Property Overview: 235 Cambridge Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 235 Cambridge Street presents a compelling blend of space, location, and value within the established North River Heights neighbourhood. Its primary appeal lies in its generous proportions relative to its peers. With 1,790 square feet of living area, the home is notably larger than many comparable houses on its street, in the area, and across Winnipeg. This is complemented by an exceptionally large lot of over 7,200 square feet, which ranks in the top 4% for lot size in North River Heights, offering significant outdoor potential.

Built in 1950, the property is newer than many homes in this character neighbourhood, which may suggest updated infrastructure or layouts compared to older stock. The assessed value of $436,000 sits around the average for the street and city, but below the average for North River Heights as a whole, indicating a potentially attractive entry point into this desirable area. The home last sold in late 2023 for an estimated $450,000-$500,000.

This property would best suit buyers who prioritize indoor and outdoor space over a fully modernized home. It’s ideal for those seeking a established, tree-lined neighbourhood where the land itself represents a substantial portion of the value. It appeals to families looking for room to grow, gardeners, or anyone with future renovation or expansion plans who wants a solid foundation in a prime location.

Frequently Asked Questions

1. How does the home’s value compare to the neighbourhood average?
The home’s assessed value is below the current average for North River Heights, while its lot size is in the neighbourhood’s top tier. This suggests you may be acquiring a premium-sized property at a value-oriented price point for the area.

2. What does the lot size actually mean for me?
At over 7,200 sq. ft., the lot is significantly larger than most in the city. This offers ample space for gardening, recreational areas, potential additions like a garage or studio, or simply more privacy and distance from neighbours.

3. The home sold recently in late 2023. Should I be concerned?
A recent sale isn’t inherently a concern. It does indicate the market’s fairly current assessment of its value. It’s important to understand why it was sold so the seller can disclose any relevant history.

4. Is a 1950s home likely to have major issues?
Homes from this era often have solid construction but may require updates to electrical, plumbing, or insulation to meet modern standards. A thorough inspection is crucial to identify any deferred maintenance or necessary upgrades.

5. How can I get the exact past sale price?
The precise sale price is not published publicly due to industry regulations. You can request the exact figures by emailing the site directly for a manual lookup, which they provide as a verified service.