72.4
Good
Property score
72.4
Good
Overall 72.4
Compared with neighbourhood average
1,367 sqft (bottom 43%)
Built in 1943 (6 yrs newer than avg)
Located in a high-income area
with median household income of ~123k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 3 parks, 1 sports facility, and 1 place of worship nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
11% smaller than neighborhood avg.
Year Built
Near average
6 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
531 Cambridge Street — 5 amenities found within 500 m, across 3 categories, including 3 parks (nearest 312 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 | Bottom 30% | Bottom 8% | Bottom 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 531 Cambridge Street, North River Heights, Winnipeg
Key Characteristics & Appeal
This home at 531 Cambridge Street is a classic North River Heights property, built in 1943. With 1,367 square feet of living space on a 4,810 sqft lot, it presents a solid, mid-century offering in a sought-after neighbourhood. Its appeal lies in its established location and relative value. The assessed value of $351k is notably below the North River Heights area average, suggesting a potentially more accessible entry point into this mature community. While the home’s size and lot are fairly typical for the immediate street, they offer a comfortable scale for a small family or those looking to downsize without sacrificing yard space.
This property would suit a practical buyer who values location over sheer size. It’s ideal for someone seeking a character home in a prime neighbourhood who is comfortable with a property of this vintage and may see potential in its below-average assessment for the area. It could appeal to first-time buyers aiming for North River Heights or investors attracted by the stable, established rental market nearby.
A less obvious perspective is that its “average” metrics on the street indicate it fits seamlessly into the streetscape, avoiding the premium or challenges that can come with outlier properties. Its last known sale was between 2017-2022, which may indicate a longer-term owner, adding a layer of stability to its history.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $351k is for municipal tax purposes. Market value is determined by current buyer demand. Given that this assessment is below the neighbourhood average, it may indicate a competitive listing price, but a professional appraisal or comparative market analysis is essential.
2. What should I consider with a home built in 1943?
While offering classic charm, a home of this age will likely have older major systems (like plumbing, electrical, and heating). A thorough home inspection is crucial to understand the condition and anticipate any needed updates or renovations.
3. Is the lot size sufficient for additions or a garage?
At 4,810 sqft, the lot is slightly smaller than the street average but may still allow for expansions like an addition or a detached garage, subject to Winnipeg’s zoning bylaws and setback requirements. A review of property surveys and city regulations would be necessary.
4. Why is the assessed value so much lower than the North River Heights average?
This can be due to several factors, including the home’s specific condition, interior updates, and the precise calculation model used by the assessor. It doesn’t necessarily reflect a problem, but it’s a key point to discuss with your real estate agent.
5. How can I find out the exact past sale price?
The site provides sold price ranges for transparency. To obtain the exact historical sale figures, you must request them directly via the email service provided, as this data is not sourced from the MLS and requires a manual lookup.
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