Property Overview: 467 Campbell Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot and location within North River Heights. The primary characteristic is the contrast between its modest 710 sqft living space, which is notably smaller than area averages, and its substantial 5,399 sqft lot, which is above average for the neighbourhood. Built in 1940, the house is of a similar vintage to many in the area. With an assessed value of $346,000, it sits below average for its immediate street and neighbourhood but aligns more closely with the wider Winnipeg average.
Its appeal lies in its potential. The large lot offers room for expansion, gardening, or outdoor living that is rare for the price point in this established area. It suits a specific type of buyer: those seeking an entry point into a desirable neighbourhood who are comfortable with a smaller footprint or who envision a renovation or addition project. It could also appeal to an investor looking for a land-value play or a minimalist buyer prioritizing outdoor space over interior square footage. The recent sale price (listed in the $250k-$300k range) suggests it transacts at a noticeable discount to its assessed value, highlighting its as-is, value-driven nature.
Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
This is a key feature of the property. Homes of this era sometimes had more compact layouts, and this one hasn't been expanded. It reflects the original scale of the home, making the large lot size even more notable.
2. How does the assessed value compare to the recent sale price?
The home sold for an estimated $250,000-$300,000 in late 2023, which is below its $346,000 assessed value. This can sometimes indicate a sale that reflected the home's condition or specific market factors at that time, rather than its long-term valuation for taxes.
3. Is the large lot size a potential advantage?
Absolutely. In an established neighbourhood like North River Heights, land is at a premium. A lot of this size offers possibilities that smaller, more modern lots do not, such as significant landscaping, adding a garage, or even a future home expansion, subject to zoning.
4. What does the "below average" ranking for living area mean in practical terms?
Practically, it means the interior space is compact. Buyers should be prepared for a cozy living environment typical of some original wartime or early-post-war housing, and should verify that the layout meets their daily needs.
5. Are sold prices on this site exact?
No. For privacy and data licensing reasons, the publicly displayed sold prices are shown in broad ranges. To obtain the exact historical sale figure for this property, you must request it directly from the site via email, which they provide as a manual service.