Property Overview
This home at 373 Campbell Street in Winnipeg's North River Heights neighborhood presents a specific and practical opportunity. Built in 1937, it's a smaller, character home on a standard city lot. The key data points reveal a property that is consistently below average in size and value for its immediate street and neighborhood, yet sits much closer to the city-wide average, highlighting its affordability within a desirable area.
Key Characteristics & Appeal
The primary characteristic of this home is its modest scale. With 847 square feet of living space, it is notably smaller than most homes on Campbell Street and in North River Heights. This is reflected in its assessed value of $349,000, which is below the local averages but aligns closely with the typical Winnipeg home. The lot size of 4,560 sq. ft. is standard for the area.
Its appeal lies in offering a foothold in a well-regarded, central neighborhood at a relatively accessible price point. For the right buyer, the smaller size translates to lower maintenance, utility costs, and property taxes. The home's 1937 vintage suggests classic charm and potential for updates. Recent sale history shows steady appreciation, selling in the $250k-$300k range in 2016 and $300k-$350k in 2020.
This property would best suit first-time homebuyers, downsizers, or pragmatic investors seeking character-home rental potential. It's for those who prioritize location and lot over square footage, and who may see the compact living area as a canvas for efficient design or a manageable project.
Frequently Asked Questions
1. Is this a "fixer-upper"?
The data doesn't specify condition, but the year built (1937) and below-average assessed value for the area suggest it may be dated or in need of updates compared to neighboring homes. A viewing is essential to determine the scope of any work required.
2. Why is the assessed value lower than the neighborhood average?
The value is strongly influenced by the home's smaller living area. In North River Heights, many homes are larger, pulling the average up. When viewed city-wide, its value is much more typical, indicating you're paying primarily for the land and location.
3. How does the lot size compare?
At 4,560 sq. ft., the lot is slightly below average for Campbell Street but very typical for North River Heights. It offers standard backyard potential for gardens, decks, or play space without the burden of an excessively large yard.
4. What does the sale history tell us?
The home sold between $300k and $350k in 2020. This indicates a history of marketability and price growth from its previous sale. The exact price is available upon request to the site.
5. Is the smaller living area a major drawback?
That depends on your needs. For some, it's a limitation. For others, it's an efficient layout that reduces cleaning, heating, and cooling costs. It encourages a simpler lifestyle and makes thoughtful design or a strategic addition more impactful.