Property Overview
This two-storey home on Campbell Street in Central River Heights presents a balanced offering for buyers seeking a well-situated, established property. Built in 1953, it features a renovated basement and a detached garage on a 4,800 sqft lot. With 1,378 sqft of living space, it sits comfortably within the average range for the area. The home’s assessed value and recent sale price consistently rank above average for its immediate street, neighbourhood, and city-wide comparisons, suggesting a history of being maintained and valued above its peers.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong positional metrics within a desirable neighbourhood. It’s not the newest or largest home, but it outperforms many comparable properties in key financial areas. The above-average assessed and sale values indicate a perception of quality and desirability relative to its cohort. The renovated basement adds modern livable space, while the detached garage and nearly 5,000 sqft lot offer practical utility and outdoor potential typical of Central River Heights.
This home would suit a buyer who values neighbourhood character and statistical reassurance over a brand-new build. It’s ideal for someone looking for a move-in-ready, established home with proven value retention in a competitive area, without the premium of a massive lot or ultra-modern footprint. A thoughtful perspective is that its "above-average" rankings across multiple tiers suggest a specific, consistent appeal that has held steady from assessment through to market sale, which can be reassuring in a fluctuating market.
Frequently Asked Questions
1. What does "above average" for assessed value actually mean?
It means the home’s official assessed value is higher than the majority of similar properties used for comparison on its street, in Central River Heights, and across Winnipeg. This often reflects factors like updates, condition, or desirability that are recognized in the assessment.
2. Is the lot size a pro or a con?
At 4,800 sqft, the lot is slightly below the neighbourhood average but is very typical for the street itself. It offers ample backyard space for a garden or recreation while likely requiring less maintenance than a larger lot.
3. The home was built in 1953. Should I be concerned about major updates?
The listing specifically notes a renovated basement, which is a significant update. For the rest of the house, its above-average valuation suggests it has been maintained well. A thorough inspection would clarify the condition of major systems like roof, wiring, and plumbing common to homes of this era.
4. How does the 2021 sale price relate to today’s market value?
The $490,000 sale price from August 2021 is a concrete data point showing what a buyer recently paid. It serves as a strong benchmark, but current market conditions, interest rates, and any further updates to the property will influence its present value.
5. Who are the most likely neighbours or buyers for this street?
Given its location in Central River Heights and the profile of the home, it would appeal to a mix of young families, professionals, and downsizers all attracted to the area’s amenities, mature landscape, and community feel. The data shows the street itself is comprised of similar, well-valued properties.