Property Overview: 225 Cambie Road, Winnipeg

Key Characteristics & Appeal

This home at 225 Cambie Road in the Meadows neighbourhood is a practical, no-frills property that represents an accessible entry point into the Winnipeg market. Built in 1978, its key characteristic is its modest scale: with 809 square feet of living space on a 3,199 sqft lot, it is notably more compact than most homes on its street, in the Meadows area, and across the city. This smaller footprint is reflected in its assessed value of $30,400, which is below average for the immediate area but aligns more closely with city-wide averages.

The primary appeal lies in its affordability and efficiency. It suits first-time buyers, downsizers, or investors seeking a lower-cost holding with minimal upkeep. A thoughtful perspective is that its below-average size and value for the Meadows area could present a relative value opportunity for a buyer who prioritizes location within a budget, accepting that they are purchasing a home that is functionally smaller than its neighbours. The sales history shows steady appreciation, with the last sale in the $300k-$350k range in 2023, significantly above its assessed value, indicating a strong market demand for well-priced homes here.

Frequently Asked Questions

1. Is this a small house?
Yes, at 809 sqft, it is smaller than about 80-90% of comparable homes on its street, in the Meadows, and across Winnipeg. It is best suited for individuals, couples, or those comfortable with compact living.

2. Why is the assessed value so much lower than the recent sale price?
Municipal assessed value for taxation purposes often lags behind current market values. The 2023 sale price reflects what a buyer was recently willing to pay in the open market, which can be influenced by factors like interest rates and demand that aren't immediately captured in the assessment.

3. What does the "below average" ranking for Land Area mean for me?
With a 3,199 sqft lot ranking below most peers, the outdoor space is limited compared to other properties. This means lower maintenance but also less room for expansions, large gardens, or extensive outdoor recreation.

4. Who would this property suit best?
It is an ideal match for budget-conscious buyers seeking a foothold in a established neighbourhood without the maintenance of a larger home. It could also appeal to an investor looking for a rental property with a relatively lower entry cost.

5. How can I find out the exact past sale prices?
The exact sold prices are not publicly displayed in detail. You can request this information directly via the "Get exact sold price history" feature on the listing page, and the team will provide the accurate figures by email.