723 Cambridge Street

Central River Heights, Winnipeg

57.7

Fair

Overall 57.7

Smaller and older than most nearby homes

917 sqft (bottom 6%)

Built in 1949 (4 yrs older than avg)

Located in a high-income area

with median household income of ~109k

Transit 88.0

1-min walk to transit with 3 nearby routes

Within 500m: 1 dining spot, 3 schools, 1 healthcare facility, and 3 parks nearby

Living Area

Below average

32% 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)

Sold Count

426

Median price

580k

$/sqft

$326/sqft

Avg build year

1953

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Property score

57.7 is composed by the two sections below.

Property Score

40.5Low
Living Area917 sqft42Low
Year Built194930Low
Lot Size4,439 sqft53Fair
Neighbourhood Sales Activity28Low

Community Score

83.5Excellent
Household Income88Excellent
Education Level72Good
Housing Stress83Excellent
Core Housing Need100Excellent
Employment Health68Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110426

Community deep dive

$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

Population, labour & age

Population (2021)469
Labour force participation rate69%
Median age42.8
Avg household size2.6
Unemployment rate12%
Population density3126 / km²

Households & income

Low income (LIM-AT, % pop.)7%
Single-person households22%
Couple families with children33%
Median household income (2020)$109K

Housing

Renter households7%
Condominium dwellings0%
Median dwelling value (owners)$352K

Diversity, education & language

Immigrants (share of pop.)21%
Visible minority25%
Bachelor's or higher (25–64)37%
Mother tongue (1st)English · 67%
Mother tongue (2nd)Tagalog · 6%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
917 sqft
0255075100
Same streetBottom 36%Same areaBottom 6%CitywideBottom 18%
Same street · Cambridge Street
#124 / 195
Bottom 36% · Avg 1,332 sqft
Same area · Central River Heights
#1,173 / 1,244
Bottom 6% · Avg 1,346 sqft
Citywide · Winnipeg
#159,438 / 194,458
Bottom 18% · Avg 1,342 sqft

Tax-Assessed Value

around average
358k
0255075100
Same streetBottom 45%Same areaBottom 11%CitywideBottom 49%
Same street · Cambridge Street
#108 / 195
Bottom 45% · Avg 421.7k
Same area · Central River Heights
#1,109 / 1,244
Bottom 11% · Avg 443.3k
Citywide · Winnipeg
#99,164 / 194,458
Bottom 49% · Avg 390.1k

Year Built

above average
1949
0255075100
Same streetTop 28%Same areaBottom 11%CitywideBottom 27%

Lot Size

around average
4,439 sqft
0255075100
Same streetBottom 12%Same areaBottom 3%CitywideBottom 33%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

723 Cambridge Street — 12 amenities found within 500 m, across 7 categories, including 1 dining (nearest 489 m), 3 education (nearest 149 m), 1 healthcare (nearest 468 m).

Search radius
🍽️Dining1
🏫Education3
🏥Healthcare1
🌳Parks3
💪Sports1
🏦Finance2
Worship1

Crime & Safety

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%

Sales History

Sold 1/2022CA$350k–400k
Sold price

Same street

Top 49%

Same area

Bottom 27%

City-wide

Top 46%
Sold 2/2021CA$250k–300k
Sold price

Same street

Bottom 8%

Same area

Bottom 1%

City-wide

Bottom 23%

Related homes

Highlights & common questions: 723 Cambridge Street, Winnipeg

Property Overview & Key Characteristics

This one-and-a-half storey home, built in 1949, sits on a modest 4,439 sqft lot in Central River Heights. Its primary appeal lies in its renovated basement and its position as a relatively affordable entry point into a desirable, established neighbourhood. With 917 sqft of living space, it is a compact home, notably smaller than most in the immediate area.

The property suits first-time buyers or investors seeking a lower-priced foothold in River Heights, or those looking for a manageable, low-maintenance property. Its below-average lot size for the neighbourhood could be seen as a drawback for those wanting expansive outdoor space, but also as a benefit for buyers wishing to minimize yard work. A thoughtful perspective is that its older construction date (1949) is actually newer than many neighbouring homes, suggesting potentially fewer immediate heritage-related renovation constraints compared to older houses on the street. The lack of a garage is a consideration for parking and storage.

Frequently Asked Questions

1. How does the lot size compare to others in River Heights?
The lot is 4,439 sqft, which is below the neighbourhood average. This means less yard to maintain but also less private outdoor space than many nearby properties.

2. Has the property value been stable?
Based on provided sales data, the home sold for $35,200 in early 2022 and $25,200 in early 2021. The current assessed value is $35,800, suggesting a stabilization in value over the past few years.

3. What does a "renovated basement" typically mean for a home of this era?
While specifics aren't detailed, a renovated basement in a 1949 home often means updated finishes and likely conversion into livable space, which adds functional square footage to the otherwise compact main living area.

4. Is the living area sufficient for a small family?
At 917 sqft, the living area is below the neighbourhood average. It would likely suit a single person, a couple, or a very small family comfortable with cozy quarters, emphasizing efficient use of space.

5. How does this home rank for its assessed value on its own street?
Its assessed value ranks near the average (Top 55%) for Cambridge Street, indicating it is priced in line with the immediate streetscape, despite being on a smaller lot and having less living space than many area homes.

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