Property Overview: 233 Campbell Street, North River Heights
Key Characteristics & Appeal
This is a compact, nearly century-old home built in 1927, situated on a standard city lot in the established North River Heights neighbourhood. The key characteristic is its modest scale: at 640 sqft, its living area is significantly smaller than most homes on its street, in the area, and across Winnipeg. The assessed value of $256k reflects this, placing it well below local averages but closer to the wider city benchmark.
Its primary appeal lies in being an attainable entry point into a desirable, mature neighbourhood. It suits a specific buyer: someone seeking a lower-cost footprint in a prime location, willing to trade interior space for location and potential. This could be a first-time buyer, an investor, or someone looking to downsize without leaving the area. A thoughtful perspective is that its smaller size and lot (3,002 sqft) translate to lower maintenance costs and less upkeep—a practical advantage often overlooked. The data suggests it’s a unique offering on a street of larger, more valuable homes, representing a rare opportunity for affordability in the community.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbours?
The assessed value is primarily driven by the home's significantly smaller living area and its age compared to many neighbouring properties. It’s priced for its existing footprint, not the land value alone.
2. What does the sold price range (CA$300k–350k in 6/2023) indicate?
The recent sale suggests the market price exceeded the assessed value, which is common. The range indicates strong buyer interest for well-located, affordable homes, even of modest size.
3. Is this a teardown or renovation project?
Given its size and age, it could be either. For a builder, the lot in North River Heights holds value. For an owner-occupant, the home may be suitable for a careful renovation to modernize while preserving its character.
4. How do the rankings (e.g., Top 100%) work?
A ranking like "Top 100%" means the property is in the bottom tier for that metric (e.g., it has less living area than 100% of comparable properties). It's a statistical indicator showing how it compares within different groups.
5. Where can I see exact historical sold prices?
The site provides sold price ranges publicly. To receive verified, exact historical figures, you must request them via email from the service, as they manually compile data not sourced from the MLS.