392 Campbell Street

Property Overview: 392 Campbell Street, Winnipeg

Key Characteristics & Appeal

This home at 392 Campbell Street in North River Heights is a classic, mid-century property built in 1930, offering a balanced and established living proposition. With 1,313 sqft of living space and a 4,931 sqft lot, its size is consistently average-to-above-average when compared directly with its immediate street and neighbourhood, suggesting it fits comfortably within the context of this mature area. The assessed value of $455,000 sits above the Winnipeg city-wide average for comparable homes, indicating a perceived premium, likely tied to its desirable location.

The appeal lies in its stability and neighbourhood integration. It’s not an outlier in size or value, which can be a positive for buyers seeking a home that is typical for North River Heights—a neighbourhood known for its character, tree-lined streets, and central convenience. The lot size is particularly competitive within the area, offering decent outdoor space. A thoughtful perspective is that a home ranking solidly "around average" in a sought-after area often represents a lower-risk, predictable investment, avoiding the potential over-improvement or unique quirks that can complicate resale.

This property would suit buyers looking for a grounded, move-in-ready home in a prime neighbourhood without the scale or price of a larger estate. It’s ideal for small families, professionals, or downsizers who value location, community, and a traditional home footprint over ultra-modern features or extensive renovation projects.

Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The home’s assessed value is above the Winnipeg city-wide average but aligns more closely with the averages for North River Heights and Campbell Street itself. This suggests you are paying a premium for the specific location within the city, which is typical for established, central neighbourhoods.

2. Is the 1930 build date a concern?
The build year (1930) is older than most on its street and in the city overall. This typically means potential for character but also warrants a thorough inspection for the condition of major systems (like plumbing, electrical, and the foundation) that may have been updated over time.

3. What can the past sale price tell me?
Records show it sold between $400,000-$450,000 in late 2020. The current assessed value of $455,000 is higher, reflecting market changes and the city’s valuation. For the most accurate and complete sale history, you would need to request a manual lookup from the site.

4. How does the lot size compare?
At just under 5,000 sqft, the lot is slightly smaller than the average on Campbell Street but is actually larger than the average lot for the broader North River Heights area. This means you get a relatively spacious yard for this particular neighbourhood.

5. Who are the immediate neighbours?
The listing shows several neighbouring properties on the same block (e.g., 396, 388 Campbell Street), indicating a tightly knit street of single-family homes. For a detailed visual analysis of nearby homes and their characteristics, the site provides a dedicated neighbourhood map tool.