Property Overview: 490 Campbell Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 490 Campbell Street in North River Heights is a classic, mid-century property built in 1941. With 1,122 sqft of living space and a 5,400 sqft lot, it presents a balanced offering in a well-established neighbourhood. Its appeal lies in its solid positioning within the local market—neither an outlier nor a standout, but a representative home for the area. The assessed value of $408k is notably consistent, sitting close to the average for its street, the broader neighbourhood, and the city, suggesting a stable and fair market valuation.
The property would suit a practical, value-conscious buyer looking for a genuine character home in a mature community. It’s particularly well-suited for someone who appreciates a larger-than-average lot for North River Heights (ranking in the top 25% locally), offering valuable outdoor space or future potential. Given its age, it may appeal to buyers interested in a home with history, who are either comfortable with the maintenance of an 85-year-old structure or see an opportunity to personalize it. It’s less suited for those seeking a large, modern interior, as the living area is below the neighbourhood average.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the last known sale was between $300k-$350k in October 2020. The current assessed value of $408k reflects market changes since then. For precise, verified sale figures of this and neighbouring properties, you can request a manual lookup via email.
2. Is the lot size a significant feature?
Yes. While the house size is modest, the 5,400 sqft lot is a key asset. It ranks above average for North River Heights, offering more private outdoor space than many nearby properties, which is a valuable and less common find in established neighbourhoods.
3. What should I consider about the home’s age (1941)?
The year built indicates a classic construction with potential for character details. It also means prospective buyers should budget for and prioritize a thorough inspection to understand the condition of major aging components like the roof, foundation, plumbing, and electrical systems.
4. The data shows the living area is below the neighbourhood average. What does that mean practically?
With 1,122 sqft, the home is cozier than the North River Heights average (~1,540 sqft). This suggests an efficient, likely traditional layout. It’s ideal for smaller households or those who prioritize lot size over interior square footage.
5. How stable has the property’s value been?
The assessed value appears stable in context. It is consistently around the average across all comparison levels (street, area, city), indicating it hasn’t been subject to wild fluctuations and is viewed in line with broader market trends.