Property Overview
441 Cambridge Street is a 1941-built home in North River Heights, offering a compact 836 sqft of living space on a 4,444 sqft lot. With an assessed value of $333k, it presents a specific value proposition within its established neighbourhood.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as an accessible entry point into a desirable, mature neighbourhood. Its assessed value is notably below the area average, which suggests a lower property tax burden and an opportunity for buyers priced out of larger homes in North River Heights. The lot size, while below average for the street, is still generous by city-wide standards, offering potential for outdoor space or future expansion.
The home suits first-time buyers, downsizers, or investors seeking a lower-maintenance property in a central location. Its compact size requires efficient use of space, appealing to those with a minimalist lifestyle or those who view it as a strategic foothold in a prime area. A thoughtful perspective is that this property represents the "bones" of the neighbourhood—a chance to own a classic Winnipeg lot and home, with its value derived more from location and land than from square footage.
Frequently Asked Questions
1. Is the living area too small?
At 836 sqft, the home is significantly smaller than most in North River Heights. It would require efficient living or thoughtful renovation to maximize space, but it aligns with the needs of a single person, couple, or small family not requiring extensive room.
2. How does the assessed value affect property taxes?
With an assessed value below the neighbourhood average, the municipal property tax bill should be proportionally lower than for larger, higher-valued homes on the same street, which is a key financial consideration.
3. What does the lot size mean for potential upgrades?
The 4,444 sqft lot is smaller than others on Cambridge Street but is still a substantial parcel. It allows for a decent yard and may accommodate an addition, though any expansion plans should be checked against local zoning bylaws.
4. Are older homes like this a concern?
Built in 1941, the home is of a typical vintage for the area. A pre-purchase inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, which may need updating.
5. Why is the sold price from 2019 shown as a range?
The displayed sold price range is based on publicly available data. To obtain the exact historical sale figure, you must request a manual lookup via email, as the site does not display MLS records directly.