51.2
Fair
Property score
51.2
Fair
Overall 51.2
Smaller and older than most nearby homes
735 sqft (bottom 1%)
Built in 1949 (4 yrs older than avg)
Located in a high-income area
with median household income of ~109k
Transit 86.0
2-min walk to transit with 4 nearby routes
Within 500m: 3 schools, 3 parks, 1 sports facility, and 2 bank/ATMs nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
45% smaller than neighborhood avg.
Year Built
Below average
4 yrs older than neighborhood avg.
Mother tongue
English · 68%Tagalog · 6%
Past 10 years Central River Heights sales snapshot (~80% of all data)
426
580k
$326/sqft
1953
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51.2 is composed by the two sections below.
Property Score
Community Score
Central River Heights
How to read: Share of sales in each ~$50k price band for “central river heights” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110426
$109K
Median household income
$112K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
22%
Single-person households
33%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
699 Cambridge Street — 11 amenities found within 500 m, across 5 categories, including 3 education (nearest 286 m), 3 parks (nearest 330 m).
Central River Heights · WPS public data · 2026
Annual incidents
1
2026
vs. city avg
-97%
relative to avg
Year-over-year
▼ -99%
vs. prior year
Primary type
Other
100%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Bottom 2% | Bottom 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home on Cambridge Street in Central River Heights is defined by its generous, nearly 5,000 sqft lot, which stands out as its primary asset. Built in 1949, the house itself is compact at 735 sqft of living space, placing it well below average size for the area. A key modern update is the renovated basement, adding functional space, and the property includes a detached garage. Its assessed value is aligned with city-wide averages. The appeal here is less about the existing footprint and more about the potential. The combination of a large lot in a central, established neighbourhood with a small, older home presents a clear value proposition for a specific buyer: either as a modest, low-maintenance starter home with room to garden and expand outdoors, or as a prime redevelopment opportunity down the line. It suits buyers looking for a land-play in a desirable area, or those seeking an affordable entry into River Heights without needing extensive interior space immediately.
Frequently Asked Questions
1. Is the house livable as-is, or is it a teardown?
The home is functional with a renovated basement, making it livable for someone with modest space needs. However, its significantly below-average living area suggests it's ideally suited for either a simple lifestyle or future expansion/replacement to maximize the lot.
2. How does the lot size compare to others nearby?
The lot is approximately 4,918 sqft. This is above average for Cambridge Street itself and notably larger than many lots in Central River Heights, offering more private outdoor space than most neighbouring properties.
3. What is the neighbourhood like?
Central River Heights is a mature, well-established neighbourhood known for its tree-lined streets, central location, and proximity to amenities like parks, schools, and shopping. This property offers an affordable entry point into this sought-after area.
4. What are the implications of the last sale price being much lower than the current assessed value?
The property last sold for $26,100 in 2017. The sharp increase to the current $340,000 assessment reflects significant market-wide appreciation over seven years and likely accounts for the basement renovation. It underscores how dramatically property values in the area have risen.
5. What type of future potential does this property have?
The large lot is the key. Potential includes building additions, constructing a garage suite (subject to zoning), or eventually redeveloping the site with a new, larger home that better utilizes the land, which is common in this neighbourhood.
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