Property Overview: 583 Cambridge Street, Winnipeg

Key Characteristics & Appeal

This home at 583 Cambridge Street in North River Heights is a compact, historic property built in 1910. Its key characteristic is its modest scale: with 768 sqft of living space on a 3,604 sqft lot, it is notably smaller than most homes on its street, in the neighbourhood, and across Winnipeg. This is reflected in its assessed value of $301k, which is below average for the immediate area but aligns more closely with the wider city average.

The appeal lies in its position as an accessible entry point into a desirable, established neighbourhood. It suits buyers seeking a lower-cost foothold in North River Heights, potentially including first-time homeowners, downsizers, or investors. The property’s age (116 years) suggests classic character and potential heritage charm, but also implies that maintenance and updates are important considerations. A thoughtful perspective is that its smaller size and lot offer lower utility costs and less upkeep, which can be a practical advantage. Recent sale history indicates steady value in the $250k-$300k range.

Frequently Asked Questions

1. Is this a good value for the neighbourhood?
The assessed value is significantly below the average for North River Heights, making it one of the more affordable options in the area. Compared to the wider city, its value is around average, so you are paying primarily for the location.

2. What should I consider due to the home's age?
Built in 1910, the property may have original features and charm. Buyers should budget for potential updates to major systems like plumbing, electrical, or insulation, and consider a thorough inspection to understand the home’s condition.

3. How does the smaller living space compare?
At 768 sqft, the home is considerably smaller than typical area homes (which average over 1,300 sqft). This efficient layout may require creative use of space and is best suited for those comfortable with a cozy footprint.

4. What does the sold price history tell us?
The home sold in 2022 and 2017, both within the $250k-$300k range. This suggests a stable market value over the past several years, without dramatic appreciation.

5. How can I get the exact past sold prices?
The website provides sold price ranges. To obtain the exact figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.