Property Overview
225 Campbell Street is a compact, century-old home in Winnipeg's North River Heights neighbourhood. Its key characteristics are defined by how it compares to its surroundings. The 874 sqft living area is notably smaller than most homes on its street, in the area, and across the city. Built in 1923, it is older than the majority of comparable properties. The lot size of 3,002 sqft is also below average for the locale. However, its assessed value of $280k is significantly lower than the averages for Campbell Street and North River Heights, positioning it as a more accessible entry point into this established area.
The appeal lies in this value proposition. It offers a foothold in a desirable neighbourhood at a lower price point than typical, which could suit first-time buyers, downsizers, or investors looking for a character home with renovation potential. A thoughtful perspective is that its smaller size and lot represent lower maintenance—a practical choice for those seeking simplicity. Its age suggests classic construction but also implies a need for a thorough inspection to understand the condition of major systems.
This property would best suit a pragmatic buyer who values location over size, is comfortable with a project (whether immediate or long-term), and is looking for financial efficiency in a well-regarded community.
Frequently Asked Questions
1. Why is the assessed value so much lower than the street and area averages?
The assessed value reflects factors like the home's smaller square footage, older age, and lot size compared to its neighbours. It indicates this is a more modest property on a street and in an area that may have larger, more updated homes.
2. What should I consider due to the home's age (built in 1923)?
While offering classic charm, a home of this age requires careful attention to the condition of foundational elements, plumbing, electrical wiring, and the roof. A thorough pre-purchase inspection is essential to identify any needed repairs or updates.
3. The home last sold in 2016. How can I find out the exact sale price?
The provided data shows a sold price range. To obtain the exact historical sale figure, you must request a manual lookup from the site via email, as they do not display MLS records directly.
4. Is the smaller lot size a disadvantage?
It depends on your priorities. The lot is below average for the area, meaning less outdoor space for gardening or expansion. However, it also translates to less yard work and lower property taxes, which can be an advantage for those seeking low-maintenance living.
5. Who might this property not be suitable for?
It may not suit buyers looking for a move-in-ready home with modern, open-concept layouts, or families requiring multiple large bedrooms and ample living space. The data suggests it's a compact, character-driven property best for those with realistic expectations about size and potential updates.