680 Cambridge Street

Property Overview: 680 Cambridge Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling case as a value-conscious entry into Winnipeg's Rockwood neighborhood. Built in 1949, its primary appeal lies in its exceptional lot size—over 7,200 square feet—which ranks in the top 2% of the area. This offers rare potential for expansion, gardening, or outdoor living that is hard to find in the city. The living space (900 sq ft) is modest and below local averages, suggesting a home better suited for a first-time buyer, downsizer, or an investor looking for a land-value opportunity rather than someone needing ample finished space.

Its assessed value of $340k is consistently around the average for its immediate area, indicating a fairly priced, stable investment without premium speculation. The property’s history shows steady appreciation, last selling in the $350k-$400k range in late 2021. This profile suits practical buyers who prioritize land over square footage, are comfortable with a home that may require updates, and see long-term potential in a well-located lot. It’s a property where the real value may be in what you can do with the land, not just the existing structure.

Section 2: Frequently Asked Questions

1. Is the house in need of major updates?
Given its 1949 construction and below-average living area, buyers should budget for modernizations. The systems, layout, and finishes likely reflect its era, so an inspection is crucial to understand the scope of any needed work.

2. How does the lot size compare to nearby properties?
The lot is a standout feature. At 7,231 sq ft, it is significantly larger than the Rockwood neighborhood average (~4,473 sq ft) and above the street average. This is a key asset for privacy, expansion, or outdoor use.

3. What is the neighborhood like?
Located in Rockwood, it's near Central River Heights. The area features a mix of older, established homes. The high density of similar-aged properties suggests a stable, mature community.

4. Has the property’s value increased?
Based on available data, it appreciated from a sale in the $250k-$300k range in 2017 to $350k-$400k in 2021. Its current assessed value of $340k aligns with neighborhood averages, indicating stable market value.

5. How can I verify the exact past sale prices?
The site provides estimated price bands. For precise figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.