64.8
Fair
Property score
64.8
Fair
Overall 64.8
Smaller and older than most nearby homes
1,114 sqft (bottom 30%)
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
17% 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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64.8 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
701 Cambridge Street — 11 amenities found within 500 m, across 5 categories, including 3 education (nearest 274 m), 3 parks (nearest 333 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 39% | Bottom 16% | Bottom 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 701 Cambridge Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Central River Heights presents a classic, grounded opportunity. Built in 1949, it sits on a near 5,000 sqft lot that is notably spacious for the immediate street and desirable neighbourhood context. With 1,114 sqft of living space and a renovated basement, the home offers functional, move-in-ready space. Its detached garage adds practical utility.
The primary appeal lies in its established location and the value of its land. The lot size ranks well above average for Central River Heights, suggesting room for gardens, play, or future expansion in a mature, sought-after area. While the living area is modest by today's standards, the renovated basement effectively extends the usable space. This property suits first-time buyers seeking an entry into a stable neighbourhood, practical-minded individuals who value lot size over sheer square footage, or investors looking for a character home with solid fundamentals in a perennial location.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The 4,919 sqft lot is a key feature, ranking in the top 25% for size within Central River Heights. It is significantly larger than many neighbouring properties, offering more outdoor space than is typical for the neighbourhood.
2. What does "renovated basement" typically mean for a home of this era?
While specifics should be verified, in a 1949 home this usually indicates foundational updates like modern insulation, moisture management, and finished living space. It’s a major advantage, addressing a common concern with older properties and adding functional square footage.
3. The assessed value seems low. Why is that?
Property assessments in Manitoba are not equivalent to market value. They are used for municipal tax purposes. The sale history and current market conditions are more accurate indicators of the home's worth. The assessment does indicate the tax burden should be relatively moderate for the area.
4. Is the living space too small for a family?
At 1,114 sqft above grade, the layout will be more compact than a modern suburban home. However, the renovated basement provides additional flexible space for a family room, office, or play area, making it workable for a small or growing family.
5. What are the implications of the home's age?
Built in 1949, the home is older than most on its street but from a period known for solid construction. Buyers should prioritize a thorough inspection focusing on updates to major systems (roof, wiring, plumbing) and the quality of the basement renovation, while appreciating the character and mature landscaping that come with an older home.
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