Property Overview: 275 Campbell Street, North River Heights
Key Characteristics & Appeal
This home is a compact, character property built in 1929, offering a unique proposition in the desirable North River Heights neighbourhood. Its primary appeal lies in its location and affordability within a high-value area. At 782 sq ft, the living space is notably smaller than most homes on its street and in the wider neighbourhood, positioning it as a manageable, low-maintenance footprint. The assessed value of $307k is significantly below the local area average, yet aligns more closely with the Winnipeg city-wide average, suggesting a potential value opportunity for entering this established community.
The property would suit first-time buyers seeking a foothold in a prime neighbourhood without the premium price tag of a larger home, or downsizers looking to right-size while maintaining an excellent location. Its below-average lot size (3,722 sq ft) further translates to less yard upkeep. A thoughtful perspective is that this home represents a trade-off: you gain access to a top-tier area and a historic streetscape, but in a package that requires efficient use of space and may benefit from updates reflective of its age.
Frequently Asked Questions
1. Is this a good value for the neighbourhood?
The data indicates it is. The assessed value is in the bottom 7% for North River Heights, meaning it’s one of the most affordable entry points into the area, while the lot and living area rankings suggest you are paying primarily for the location.
2. What does the sold price history tell us?
It last sold between $200k-$250k in early 2018. While the current assessed value is higher, its city-wide value ranking (top 69%) is stronger than its neighbourhood ranking, indicating its price may be more competitive when viewed outside the immediate, higher-priced area.
3. How does the home’s age affect things?
Built in 1929, it is older than most on its street. This can mean character and established landscaping, but buyers should budget for potential updates to systems, windows, or insulation that are typical for a home of this vintage.
4. The living area is quite small. How does the layout work?
At 782 sq ft, efficient design is key. Viewing the home in person is essential to understand if the layout meets your needs, and to consider if finishes or minor reconfigurations could improve the flow and sense of space.
5. Are comparable homes nearby?
The listing shows direct neighbours of similar age and value, like 304 Campbell Street (808 sq ft, $331k assessment). This suggests the street has a consistent character and that this property’s metrics are in line with immediate neighbours, rather than being an outlier.