Property Overview: 469 Cambridge Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 469 Cambridge Street presents a solid, above-average offering in the desirable North River Heights neighborhood. Built in 1941, it is a character home of its era, yet its 1,616 sqft of living space is notably larger than many comparable homes on its street and across Winnipeg, placing it in the top 25-38% for size. With an assessed value of $452,000, it holds a strong value position, ranking above average for its street and city-wide. The lot size of 4,810 sqft is typical for the area, providing standard outdoor space.
The appeal lies in its combination of established neighborhood charm and tangible space-value metrics. It’s not the newest home on the block, but it offers more interior room than many peers. This property would suit a buyer looking for a character home in a prime central neighborhood who prioritizes living space over a modern build date. It’s a practical choice for those who see value in a well-located, spacious canvas that may benefit from personal updates over time.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, the home last sold between $350,000-$400,000 in July 2022. Its current assessed value of $452,000 suggests a significant increase in valuation since that sale, which may reflect market trends, improvements, or a previous sale price below perceived market value.
2. Is the living space efficiently laid out for a 1940s home?
While the data confirms the home is spacious for its vintage, the floor plan’s functionality isn’t detailed here. Buyers should consider that layouts from this era may differ from modern open-concept designs, potentially featuring more defined rooms and smaller closets.
3. What does the "around average" year built ranking mean?
In North River Heights, a neighborhood with many heritage homes, being built in 1941 is very typical. This ranking indicates the home fits the neighborhood’s historic fabric, but it also means major systems (like plumbing, electrical, or the roof) may be due for updates or have been partially modernized by previous owners.
4. How reliable is the sold price data shown?
The site notes this data is from public sources, not the MLS, and is presented in a broad range. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as MLS records are not displayed due to industry rules.
5. Are property taxes based on the assessed value?
Yes, municipal property taxes will be calculated using the $452,000 assessed value (or a future adjusted assessment) and the city’s mill rate. This assessed value is notably higher than the last recorded sale price, so prospective buyers should budget for taxes accordingly.