Property Summary: 183 Campbell Street, North River Heights, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home is a 1,167 sqft character house built in 1932, situated on a 3,002 sqft lot in the established North River Heights neighbourhood. Its core appeal lies in its position as a relatively affordable entry point into a desirable area. With an assessed value of $311,000, it sits significantly below the average for both its immediate street and the wider neighbourhood, yet is closer to the Winnipeg citywide average. This presents a value proposition for buyers seeking location over size.
The home’s living space is modest but functional, ranking around average for the city and on its street. The lot size is notably smaller than most comparable properties in all contexts, which suggests a lower-maintenance yard—a potential perk for some, rather than just a drawback. Its recent sale history indicates steady market interest.
This property would best suit first-time buyers or downsizers who prioritize getting into a mature, central neighbourhood like North River Heights without the premium price tag of a larger lot or a fully renovated home. It’s for those comfortable with a home of vintage character (and the potential updates that may entail) and who value a simpler outdoor space.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value of $311k is a useful benchmark for municipal taxes, market conditions ultimately determine sale price. The home last sold between $300k-$350k in 2022, and its value sits below neighbourhood averages, which may influence its market price.
2. How does the smaller lot size impact the property?
At approximately 3,000 sqft, the lot is smaller than most in the area. This typically means less yard maintenance and gardening, which can be an advantage. However, it may also limit options for expansions like large decks, pools, or significant additions.
3. What should I consider with a home built in 1932?
A home of this age has character but may require attention to aging components. A thorough inspection is essential to understand the condition of major systems like plumbing, electrical, and the foundation, as well as the need for updates like windows or insulation.
4. The data shows the value is "below average" for the street and area. Is that a concern?
Not necessarily. This primarily reflects the home’s more modest size and lot compared to its neighbours. It can represent an opportunity to enter a sought-after neighbourhood at a lower price point, with the trade-off being less space.
5. How can I find out the exact past sale prices?
The precise sale figures are not publicly displayed on this site. You can request the exact sold price history by email using the provided form; the service is manual but provided without obligation.