130 Campbell Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1922 home with 1,528 sq ft of living space on a 4,494 sq ft lot, assessed at $497,000. Its strongest advantage is value within an expensive neighbourhood. While the property itself is smaller than most homes in Wellington Crescent (where average living area is 2,343 sq ft and average assessed value is $806,000), it ranks well above average on its own street and across Winnipeg—top 23% for living area citywide and top 20% for assessed value. In other words, you get a house that is priced like a solid mid-range Winnipeg home, but located on a desirable street in a prestigious area where comparable properties typically cost much more. The trade-off is clear: the lot is smaller than the neighborhood average (4,494 sq ft vs. 9,488 sq ft), and the house is older than the city average (built 1922 vs. 1966). This property would suit buyers who prioritize location and value over square footage and yard space—particularly those who want access to Wellington Crescent without paying the premium for a full-sized lot or a larger, newer home. It may also appeal to buyers who see potential in updating an older character home in a strong market.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighborhood average?
The home’s living area and lot size are significantly below the Wellington Crescent average. Since assessment is largely based on comparable sales within the same area, a smaller house on a smaller lot will naturally fall below the neighborhood norm—even though it ranks well above average citywide.

2. Is a 1922 home likely to have significant maintenance issues?
Homes from that era often have older electrical, plumbing, and insulation systems, and may contain materials like lead paint or knob-and-tube wiring. That said, many 1920s homes in Winnipeg have been updated over the years. A thorough inspection is the only way to know the current condition.

3. How does the lot size affect usability?
At 4,494 sq ft, the lot is below the city average and substantially smaller than the Wellington Crescent norm. It’s suitable for a modest yard, garden, or patio, but not for large additions, extra parking, or expansive outdoor space. Buyers wanting a large private yard should look elsewhere.

4. What does “top 20% for assessed value citywide” actually mean in practical terms?
It means the home is valued higher than roughly 80% of all residential properties in Winnipeg. But because it sits in a high-value area, it’s still one of the more affordable options in the neighborhood. You’re buying into a desirable location at a price that, citywide, is above average—but locally, it’s a relative bargain.

5. How does the home compare to others on Campbell Street specifically?
On Campbell Street, this property is above average in living area (1,528 sq ft vs. 1,299 sq ft street average) and assessed value ($497K vs. $437K street average), but it is among the oldest homes on the street (built 1922 vs. 1945 street average) and has a below-average lot size. It stands out as a smaller, older, but higher-valued home relative to its immediate neighbours.