58.4
Fair
Property score
58.4
Fair
Overall 58.4
Smaller and older than most nearby homes
900 sqft (bottom 4%)
Built in 1949 (4 yrs older than avg)
Located in a high-income area
with median household income of ~109k
Transit 88.0
2-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 3 schools, 2 parks, and 1 sports facility nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
33% 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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58.4 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
707 Cambridge Street — 10 amenities found within 500 m, across 6 categories, including 1 dining (nearest 493 m), 3 education (nearest 238 m), 2 parks (nearest 304 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 | Top 39% | Bottom 32% | Top 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 707 Cambridge Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Central River Heights is a property defined by its lot and location more than its living space. Built in 1949, it sits on a nearly 5,000 sqft lot that is above average for its specific street. The home itself is compact, with 900 sqft of living area, and features a renovated basement and a detached garage. Its recent sale price was closely aligned with its assessed value.
The primary appeal lies in the opportunity it presents. It suits a specific buyer: someone looking for a solid entry point into a desirable, established neighbourhood like River Heights, who is comfortable with a home that may require updates or an expansion over time. It’s a classic “value in the land” proposition. The renovated basement adds functional living space, making the smaller main floor more manageable. This isn’t a move-in-ready showcase home; it’s a practical foundation for a long-term investment, ideal for a handy first-time buyer, an investor, or someone looking to build equity in a prime location without the premium price of a larger, modernized home.
Frequently Asked Questions
1. Is the living space too small for a family?
While the 900 sqft main living area is below average for the neighbourhood, the renovated basement effectively doubles the usable space. It would suit a small family, a couple, or an individual who utilizes the basement as a recreation room, home office, or additional bedroom.
2. How does the assessed value compare to the sale price?
The home sold for $36,500, which was very close to its $34,100 assessed value. This suggests the sale was seen as fair and market-based, not inflated or distressed, providing a stable starting point for future value.
3. What does the lot size mean for me?
At 4,919 sqft, the lot is larger than many on Cambridge Street itself. This is a key asset, offering more outdoor space, better potential for gardening or landscaping, and future possibilities like an addition, a larger garage, or a deck, subject to local bylaws.
4. The home is older—what should I be concerned about?
Built in 1949, it’s older than most in Winnipeg but newer than many on its street. While the basement has been renovated, a thorough inspection for foundational integrity, roof condition, and updates to electrical, plumbing, and insulation is essential. Its age is typical for the character of River Heights.
5. Why is it considered "below average" for the Central River Heights neighbourhood?
The “below average” rankings primarily reflect the home’s smaller living area and lower assessed value compared to the wider neighbourhood, which includes many larger, more updated homes. This is what makes it an affordable option within a sought-after area, representing a trade-off between size/luxury and location/lot potential.
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