205 Campbell Street

Property Overview: 205 Campbell Street, Winnipeg

Key Characteristics & Appeal

This home at 205 Campbell Street in North River Heights is a classic, compact property built in 1922. Its primary appeal lies in its efficient scale and its position within a desirable, established neighbourhood. With 816 square feet of living space on a 4,082 sqft lot, it is notably smaller than most comparable homes on its street, in the area, and across Winnipeg. This presents a clear value proposition: you are purchasing location and land, with the house itself offering a manageable footprint.

The assessed value of $411,000 is around the average for Campbell Street and North River Heights, but sits above the city-wide average. This suggests you are paying a premium for the neighbourhood, not for square footage. The home last sold between $250,000-$300,000 in 2016, indicating significant appreciation.

This property would best suit a specific buyer: a minimalist, a first-time buyer comfortable with a cozy layout, or an investor looking for a lower-maintenance rental in a high-demand area. It’s less about grandeur and more about practicality and potential. A thoughtful perspective is that a smaller, older home on a good lot in a prime area often holds unique long-term value—it’s a candidate for renovation or expansion, with the fundamentals of location already secured.

Frequently Asked Questions

1. Is the house too small?
At 816 sqft, it is significantly smaller than the average home in North River Heights (~1,540 sqft). It will suit those who prioritize efficient living and lower maintenance, but may feel cramped for those needing multiple bedrooms or dedicated office spaces.

2. Why is the assessed value high for a small house?
The value is driven largely by its location in North River Heights, a sought-after neighbourhood. The assessment reflects the land value and the area's market, not just the size or condition of the structure itself.

3. What should I know about a house built in 1922?
While full of character, a home of this age will likely require diligent maintenance and updates. Prospective buyers should budget for potential upgrades to systems like wiring, plumbing, and insulation, and invest in a thorough inspection.

4. How does the lot size compare?
The 4,082 sqft lot is below average for the street and area. However, it still provides decent outdoor space for a home of this size and is typical of many older, central neighbourhoods where lots are more compact.

5. Can I get the exact past sale price?
The public data shows a sale range of CA$250k–300k for August 2016. The site notes that exact sold prices are not displayed due to industry rules but can be requested manually via email from their team.