422 Campbell Street

Property Overview: 422 Campbell Street, North River Heights, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This home is a classic 1937 residence in the established North River Heights neighbourhood. With 1,263 sqft of living space and a 4,799 sqft lot, its size is consistently around the average for its immediate street and area, offering a comfortable footprint without being oversized. The data reveals a notable characteristic: its assessed value ($362k) sits significantly below the average for both Campbell Street and North River Heights broadly, yet is very close to the Winnipeg citywide average. This suggests a potential value proposition within a desirable area, possibly due to the home’s age or a need for modernization, presenting an opportunity for buyers.

Its core appeal lies in its location and lot size within a mature neighbourhood, coupled with a price point that is accessible for the area. It would suit a practical buyer looking for a character home in a prime neighbourhood, who is comfortable with a property of this vintage and may see potential in its below-average assessment relative to its peers. It’s a sensible choice for those prioritizing location and land over turn-key finishes, ideal for a DIY enthusiast or a long-term holder who can invest in updates over time.

Frequently Asked Questions

1. Why is the assessed value so much lower than other homes on the same street?
While the home’s physical size and lot are comparable, its assessed value ranks in the bottom quarter for Campbell Street. This is typically due to factors like the home’s age (1937), its condition, or specific features that the assessor has accounted for, indicating it may require more updating than neighbouring properties.

2. How does the last sold price (2019) relate to its current value?
The home sold for an estimated $250k–$300k in 2019. The current assessed value of $362k reflects market changes and city assessment formulas since then. For an exact historical price and a current market valuation, a manual lookup of verified sales data is recommended.

3. What should I consider about a home built in 1937?
Homes of this era offer charm and solid construction but require careful attention to aging components. A thorough inspection is essential to evaluate the state of original systems like wiring, plumbing, and the foundation, as well as the efficiency of windows and insulation.

4. Is the lot size a good fit for gardening or expansion?
At just under 5,000 sqft, the lot is slightly smaller than the street average but provides ample backyard space for gardening, play, or a deck. Its size is typical for the neighbourhood, but any plans for a major addition or garage would need to verify compliance with zoning bylaws.

5. How can I get the exact historical sale prices and verified data for this property?
The public data shows price ranges. To obtain fully verified figures and a complete transaction history, you must request a manual lookup from the site via email, as this information is not sourced from the MLS and is not displayed directly on the page.