Property Overview: 257 Campbell Street, Winnipeg
Key Characteristics & Appeal
This home at 257 Campbell Street in North River Heights is a classic 1925 character bungalow, presenting a specific and practical value proposition. Its key characteristic is its position as a more modest and affordable entry point within a desirable, established neighbourhood. With 976 sqft of living space and an assessed value of $333k, it sits below the average for both its immediate street and the broader North River Heights area in terms of size and valuation. This translates to a lower property tax base, a significant ongoing cost consideration.
The appeal lies in its efficient use of a standard 4,503 sqft lot and its city-wide value. While smaller than many area homes, its assessed value is actually around the Winnipeg city average, suggesting you are paying primarily for location rather than square footage. It suits first-time buyers, downsizers, or pragmatic investors seeking a foothold in a prime neighbourhood without the premium for a larger, renovated home. It represents an opportunity to own a solid, century-old home where the value is anchored by the community itself, with the understanding that it may require updates or be enjoyed for its cozy, manageable scale.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
Based on assessed values, this home is priced significantly below the averages for both Campbell Street and North River Heights. This indicates it is one of the more accessible entry points into the area, though the smaller living space is the primary reason for that.
2. What does the 1925 build year mean for me?
A 101-year-old home offers classic charm but requires diligent inspection. Expect character features but also the potential for older mechanical systems (like plumbing and wiring), insulation standards, and a need for ongoing maintenance that newer homes may not have.
3. The living area is noted as "below average." How small is it?
At 976 sqft, it is notably cozier than the North River Heights area average (~1,540 sqft). This home is best suited for individuals, couples, or small families comfortable with efficient, compact living spaces.
4. Why is the city-wide assessed value ranking much higher than the neighbourhood ranking?
This highlights the premium of the North River Heights area. While the home's value is below par for its immediate locale, it is around the average for all of Winnipeg. You are investing in the location, with the house itself being a more modest asset.
5. How can I get exact historical sale prices for this property?
The provided data does not include MLS sales history. As noted on the detail page, you must request exact figures via email. The service will manually look up and provide the full transaction history, typically by the end of the same day.