57.7
Fair
Property score
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
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
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)
426
580k
$326/sqft
1953
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57.7 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
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).
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 49% | Bottom 27% | Top 46% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 8% | Bottom 1% | Bottom 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
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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