Property Overview: 265 Campbell Street, Winnipeg
Key Characteristics & Appeal
This home is defined by its value proposition within the established North River Heights neighbourhood. Built in 1927, it is a compact, character property with 899 sqft of living space on a roughly average-sized lot for the area (4,803 sqft). Its primary appeal lies in its accessible price point, as both its assessed value ($292k) and recent sold price range are significantly below the averages for its immediate street and neighbourhood. This creates a clear entry point into a desirable area.
The property suits first-time buyers or downsizers seeking a lower-maintenance footprint without sacrificing location. It also appeals to value-oriented investors or handy buyers who see potential in a home that, while well-maintained, may benefit from updates over time. A less obvious perspective is that its smaller size and below-average valuation could translate to relatively lower property tax burdens compared to neighbouring homes, and its vintage suggests the potential for classic architectural details not found in newer builds.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbourhood average?
The assessed value reflects factors like the home's smaller living area, age, and specific market conditions at the time of assessment. It being below average for the area is consistent with the home's physical characteristics compared to larger, more recently updated properties nearby.
2. What does the sold price range (CA$250k–300k) indicate?
The sold price range from early 2024 confirms the home transacted at a level consistent with its assessed value and below the neighbourhood average. This suggests it is priced as a value option within North River Heights.
3. Is the smaller living area a concern?
At 899 sqft, the living space is notably compact. This is ideal for individuals, couples, or those seeking minimal upkeep, but may require creative use of space for families or those accustomed to larger homes. The average home in North River Heights is about 1,540 sqft.
4. How does the lot size compare?
The lot is approximately 4,803 sqft, which is around the average for both Campbell Street and the wider North River Heights area. This provides standard outdoor space for the community.
5. Where can I get verified sale history and exact figures?
The site notes that exact sold prices require a manual lookup due to data source restrictions. You can request this information directly via email through the provided link on the property page.