Property Overview: 517 Campbell Street, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home at 517 Campbell Street in North River Heights presents a practical opportunity in a well-regarded neighbourhood. Built in 1943, its 1,272 sqft living space is comfortably average for the immediate street and city, offering a manageable footprint. The assessed value of $380k sits below the area average, suggesting a potentially accessible entry point into the neighbourhood. A notable characteristic is the lot size of 3,809 sqft, which is smaller than most comparable properties on the street and in the wider area. This isn't necessarily a drawback; it translates to less yard maintenance, which could be a welcome feature for many.
The appeal lies in its position as a solid, no-surprises home in a prime location. It suits first-time buyers or downsizers seeking the established community of River Heights without the premium price tag of a larger lot or a fully renovated property. It’s a home for those who value location and character over square footage, and who see the below-average lot size as a benefit of reduced upkeep. The last known sale was between $350k-$400k in early 2022, providing recent market context.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
Not inherently. While the lot is smaller than many in North River Heights, it requires less maintenance and landscaping, which can be a significant time and cost savings. It may also contribute to the home's relatively lower assessed value for the area.
2. How does the assessed value relate to the likely selling price?
The assessed value ($380k) is for municipal tax purposes and is typically below market value. The last sold price (2022) was in the $350k-$400k range. A current market evaluation would be needed to determine today's listing or sale price, which would be influenced by recent upgrades, condition, and market trends.
3. What should I know about a home built in 1943?
Expect character features common to the era, along with the need for diligent inspection of major aging components. The roof, plumbing, electrical systems, and insulation may have been updated over time, and their current condition will be a key factor in the home's value and any immediate investment required.
4. How does this home compare to others in North River Heights?
The data shows this home is average in size and age for the neighbourhood but has a lower assessed value and a smaller lot. This indicates it may be one of the more affordable options in the area, potentially offering value for buyers prioritizing location over lot size.
5. Can I get the exact historical sale prices?
The provided data shows sold price ranges. Due to industry regulations, exact sale figures are not published online here. You can request the full transaction history and exact sold prices by emailing the site directly for a manual lookup.