Property Summary: 565 Cambridge Street, Winnipeg
Key Characteristics & Appeal
This home at 565 Cambridge Street is a classic North River Heights property built in 1945, offering 1,459 square feet of living space on a 4,803 sqft lot. Its appeal lies in its established neighbourhood setting and its position as a solid, middle-of-the-road offering. The assessed value of $407,000 is notably below the area average, which could present an opportunity for buyers seeking entry into this desirable area. The home recently sold in March 2025 for an estimated $600k–650k, a price that ranked in the top 5-14% of sales for the area, indicating strong market interest.
The property suits practical buyers who value location and potential over immediate perfection. It’s ideal for someone comfortable with a home from the 1940s, likely seeing it as a sound foundation for updates. The lot size is smaller than others on the street, which may appeal to those seeking lower maintenance without sacrificing yard space. This isn’t a standout luxury property, but rather a grounded, typical home for the neighbourhood that has proven desirable in the current market.
Frequently Asked Questions
1. How does this home’s value compare to its recent sale price?
The home’s assessed value is $407,000, but it sold for an estimated $600,000–$650,000 in March 2025. This significant difference is common and reflects the current market value versus the city’s assessment for tax purposes, which often lags behind.
2. Is the lot size a disadvantage?
The lot of 4,803 sqft is below average for Cambridge Street but is around the average for the wider North River Heights area. It offers a balance of outdoor space without the extensive upkeep of a larger lot, which can be a benefit for many.
3. What does the sale price ranking mean?
The sold price ranked in the top 5% on its street and top 14% in the area, meaning it sold for more than most comparable nearby properties recently. This suggests the home had specific features or market conditions that attracted a premium.
4. Given its age, what should I consider?
Built in 1945, the home is older than most in Winnipeg but is typical for North River Heights. Prospective buyers should budget for potential updates to older mechanical systems, windows, or insulation that are common with homes of this era.
5. How can I find out the exact sold price?
The exact sold price is not publicly displayed due to data source restrictions. You can request the exact figure by emailing the site directly for a manual lookup, which they provide without using your email for marketing.