Property Overview: 468 Campbell Street, Winnipeg
Key Characteristics & Appeal
This is a well-established, compact home in the sought-after North River Heights neighborhood. Built in 1940, the 1,008 sqft house sits on a 4,500 sqft lot. Its assessed value of $398k is notably below the neighborhood average, presenting a more accessible entry point into the area. The appeal here is one of balance: it offers the mature streets, convenience, and prestige of North River Heights without the typical price tag, largely due to its smaller-than-average living space.
The property suits practical, value-conscious buyers. It’s ideal for a first-time homebuyer prioritizing location over size, a downsizer seeking to stay in the neighborhood with less upkeep, or an investor looking for a stable rental property in a high-demand area. A thoughtful perspective is that its "below average" size and "around average" citywide value could be seen as an opportunity. For the right buyer, it represents a chance to secure a footprint in a prime neighborhood with potential to add value through thoughtful updates or an addition, given the decent lot size.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $398k is a municipal figure for tax purposes. Notably, it sits below the North River Heights average but close to the citywide average. Recent market conditions and the home’s specific features will ultimately determine the sale price.
2. How does the smaller living area impact livability?
At 1,008 sqft, the home is significantly cozier than many in the neighborhood. This emphasizes efficient use of space and likely means fewer or smaller rooms. It may not suit those needing ample square footage, but can be perfect for those seeking a simpler, easier-to-maintain layout.
3. What does the sold price history from 2020 tell us?
The home sold for between $250k-$300k in April 2020. This historical data is useful to understand past market activity, but it reflects a different economic and interest rate environment. It should not be used in isolation to predict current value.
4. Are there opportunities to expand the home in the future?
The 4,500 sqft lot is a key asset. While not the largest on the street, it is around average for the neighborhood and provides reasonable outdoor space and potential for future additions, subject to local zoning and permit approvals.
5. How can I verify the exact past sale prices?
The provided sold price is an estimated range from public records. For fully verified and exact transaction figures, you must request a manual lookup from the site via email, as they do not have access to MLS sold data.