72.4
Good
Property score
72.4
Good
Overall 72.4
Compared with neighbourhood average
1,334 sqft (bottom 39%)
Built in 1940 (3 yrs newer than avg)
Located in a high-income area
with median household income of ~123k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 3 parks, 1 sports facility, and 2 place of worships nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
13% smaller than neighborhood avg.
Year Built
Near average
3 yrs newer than neighborhood avg.
Mother tongue
English · 90%French · 2%
Past 10 years North River Heights sales snapshot (~80% of all data)
770
480k
$319/sqft
1937
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72.4 is composed by the two sections below.
Property Score
Community Score
North River Heights
How to read: Share of sales in each ~$50k price band for “north 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: #46110385
$123K
Median household income
$132K
Average household income
9%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.7
P90 / P10 ratio
19%
Single-person households
36%
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
423 Cambridge Street — 6 amenities found within 500 m, across 3 categories, including 3 parks (nearest 392 m).
North River Heights · WPS public data · 2026
Annual incidents
7
2026
vs. city avg
-76%
relative to avg
Year-over-year
▼ -97%
vs. prior year
Primary type
Property
57%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 15% | Top 28% | Top 18% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 18% | Top 32% | Top 20% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 46% | Bottom 21% | Bottom 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 423 Cambridge Street, Winnipeg
Key Characteristics & Appeal
This home at 423 Cambridge Street in North River Heights presents a solid, mid-century property with a grounded value proposition. Built in 1940, it offers 1,334 sqft of living space on a 4,798 sqft lot. The data suggests it is a quintessential example of the neighbourhood: its living area and assessed value ($441k) are consistently around the average for Cambridge Street and North River Heights. This indicates a home that is neither oversized nor undersized for the area, fitting comfortably within the local market fabric.
Its appeal lies in its established location and relative value. While the lot size is slightly below the street average, the home’s assessed value ranks above the city-wide average, hinting that the premium is for the desirable North River Heights location rather than the physical dimensions of the property itself. Recent sale history shows a clear and significant appreciation since 2017, with the last two sales (2022 and 2024) achieving prices in the top 15-20% for the street, demonstrating strong demand for homes in this spot.
This property would suit a buyer looking for a genuine, no-surprises entry into a well-regarded neighbourhood. It’s ideal for someone who values location and community character over a new build or a sprawling lot. It would also appeal to a pragmatic buyer who sees the value in a home that has consistently performed well in resale, suggesting a stable investment in a mature area.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
The home’s assessed value of $441k ranks above the city-wide average, placing it in the top 30% of all Winnipeg properties for this metric. This suggests you are paying a premium for the North River Heights location.
2. Is the lot size a disadvantage?
At 4,798 sqft, the lot is below the average for Cambridge Street but is around the average for the broader North River Heights area. It provides standard backyard space for the neighbourhood but may not suit those seeking an exceptionally large yard.
3. What does the sale history tell us about the property?
The home has sold three times since 2017, with each sale price band rising significantly. The last two sales were in the upper tier for the street, indicating robust and sustained buyer interest in this specific property.
4. As a home built in 1940, what should I consider?
While the building age is older than many on its street, it is typical for the central neighbourhood. A pre-purchase inspection is essential to understand the condition of major aging components like the roof, foundation, plumbing, and wiring.
5. The data shows "comparable homes" in the area average more living space. Is this home too small?
While the average living area in North River Heights is higher, this home’s size is very close to the average for its own street (1,334 sqft vs. 1,332 sqft). It represents the scale of many original homes in the area, suitable for a smaller household or those comfortable with a more efficient layout.
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