Property Summary: 316 Campbell Street, Winnipeg
Key Characteristics & Appeal
This home is a classic 1929 bungalow in North River Heights, offering a practical entry point into a well-established neighborhood. Its key characteristic is its modest scale: with 848 sqft of living space, it is notably smaller than most homes on its street and in the area. This is reflected in its assessed value of $317k, which sits below the local average but aligns more closely with the wider Winnipeg average.
The appeal lies in its efficient use of a near-standard 4,799 sqft lot for the area, presenting a lower-maintenance yard opportunity. It suits first-time buyers, downsizers, or investors seeking a character home in a prime location without the premium price tag of a larger, updated property. A thoughtful perspective is that its smaller size and lower assessment could translate to relatively manageable utility costs and property taxes compared to neighboring homes, offering a way to access the neighborhood's amenities and community feel with a controlled overhead. Its recent sale in early 2023 suggests a known, stable value in the current market.
Frequently Asked Questions
1. Is the house significantly older than others nearby?
Built in 1929, it is older than the average home on its specific street, but is actually quite typical for the broader North River Heights area, where many homes date from the same early 20th-century period.
2. Why is the assessed value lower than the neighborhood average?
The primary reason is the home's smaller living area compared to area norms. Assessment considers factors like size, age, and condition, so a compact, nearly century-old home will naturally assess lower than larger, more modernized properties in the same locale.
3. What does the sold price data indicate?
It sold between $300k-$350k in March 2023. This sale price aligned closely with its current assessed value and performed moderately well against city-wide sale trends at the time, suggesting a fair market transaction.
4. Is the lot size a drawback?
Not for the area. At 4,799 sqft, the lot is very close to the average for North River Heights. It provides a balanced outdoor space that is manageable without being overly expansive.
5. How can I get the exact historical sold prices?
The exact sale figures are not publicly displayed due to industry data rules. You can request the full transaction history via email through the site; they provide the data manually without using your contact information for marketing.