Property Overview: 555 Cambridge Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home at 555 Cambridge Street presents a compelling blend of space, established value, and a prime North River Heights location. Built in 1941, it is a classic example of the neighbourhood's character, sitting on a near 4,800 sqft lot. With 1,560 sqft of living area, the home offers above-average interior space compared to most on its street and across Winnipeg, suggesting a comfortable layout for daily life.

Its primary appeal lies in its strong positional value. The assessed value of $493,000 ranks well above average for Cambridge Street and city-wide, indicating a property that has appreciated solidly within a desirable area. Interestingly, while the home is older, it fits the typical age profile for North River Heights, meaning it resides in a mature, stable community with predictable upkeep expectations. The data suggests this isn't a fixer-upper outlier, but a well-situated home in good company.

This property would suit a buyer looking for a established neighbourhood with tree-lined streets, who values more interior space and a lot that provides room without being overwhelming. It’s ideal for someone who appreciates a home with a history and proven value growth, rather than a brand-new build. The buyer should be prepared for the maintenance that comes with an 85-year-old home, balanced by the charm and stability of the North River Heights community.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
The home sold between $450,000 and $500,000 in late 2022. Its assessed value of $493,000 ranks in the top 23% on Cambridge Street, meaning it is valued higher than most of its immediate neighbours, which average around $421,700.

2. Is the living space larger or smaller than other homes nearby?
At 1,560 sqft, the living area is notably larger than the average home on Cambridge Street (~1,332 sqft) and slightly above the average for North River Heights. It offers more interior space than roughly 70% of similar homes city-wide.

3. What should I know about the age and potential upkeep of a 1941 home?
Built in 1941, the home is older than the Winnipeg city average. This is typical for North River Heights, where many homes are from this era. Buyers should budget for updates to major aging components like plumbing, electrical, or the roof, and consider a thorough inspection to understand the home's specific condition.

4. How does the lot size compare?
The 4,809 sqft lot is slightly smaller than the average lot on Cambridge Street but is very close to the average for North River Heights. It provides a generous yard space typical for the area, without the extensive upkeep of a much larger plot.

5. Where can I get verified, exact sold price data for this property?
The public data shows a sold price range. To obtain the exact sale history and figures, you must request a manual lookup via email from the site provider, as they do not display MLS sold records due to industry regulations.