Property Overview: 421 Cambridge Street, Winnipeg
Key Characteristics & Appeal
This home at 421 Cambridge Street in North River Heights presents a compelling blend of space, established value, and location. Its primary strength is its generous living area of 1,767 sq ft, which ranks well above average for its street, neighborhood, and the city overall. This suggests a home that offers more interior space than many comparable properties. Paired with a slightly below-average year of construction (1940), it points to a classic, character home that may have seen thoughtful expansions or updates over time.
The appeal lies in this above-average footprint within a mature, sought-after neighborhood. The assessed value of $529,000 consistently places it in the top tiers locally, indicating strong perceived market value. The lot size is average for the area, providing typical outdoor space without being a standout feature. A less obvious perspective is that its older vintage, while requiring due diligence, often comes with established gardens, larger room proportions, and a sense of permanence that newer builds can lack. This property would suit buyers looking for a spacious, character home in a central neighborhood, who appreciate established communities over brand-new construction and are prepared for the maintenance that comes with an older home.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living area is a key feature. At 1,767 sq ft, it is significantly larger than the average home on Cambridge Street (~1,332 sq ft) and in North River Heights overall (~1,540 sq ft).
2. What does the assessed value tell us about the property?
The $529,000 assessment is consistently above average—ranking in the top 18-24% in its immediate comparisons. This generally reflects a higher valuation by the tax authority, often correlating with market perception, size, and condition.
3. The home was built in 1940. What should I consider?
While the building is older than many on its street, it is around the average age for the North River Heights neighborhood. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems (roof, plumbing, electrical, foundation) and any updates that have been made.
4. What was the recent sale history?
Public records indicate the home sold between $500,000 and $550,000 in September 2023. For verified, exact sale figures, you can request a manual lookup from the site.
5. Is the lot size typical for the area?
Yes. The land area of 4,810 sq ft is very close to the average for both Cambridge Street and the wider North River Heights neighborhood, meaning the outdoor space is consistent with community norms.