148 Campbell Street – Property Summary
Key Characteristics & Buyer Profile
This 1,592 sqft home, built in 1919, sits on a 4,491 sqft lot in Winnipeg’s Wellington Crescent area. Its standout feature is value relative to space: on Campbell Street, it’s in the top 19% for living area and top 28% for assessed value, and citywide it ranks in the top 26% for both metrics. In other words, you’re getting more square footage and equity potential than most comparable properties across the city, at a price point that undercuts its own neighbourhood.
The catch is context. In the surrounding Wellington Crescent area, the average home is nearly 2,400 sqft with an assessed value over $800K—far larger and pricier. This property is below average for both lot size (4,491 sqft vs. the neighbourhood average of 9,488 sqft) and living area relative to that immediate area. So while it offers good space and value citywide, it’s a smaller, more modest home in a high-end pocket.
The 1919 build means character—likely original detail, solid construction, and a century-home feel—but also potential for aging systems, lower energy efficiency, and maintenance needs. It ranks in the oldest 12% citywide.
Who it suits: Buyers who want a home with decent citywide space and assessed value, in an established central neighbourhood, without paying the premium for the area’s larger properties. It’s a good fit for someone willing to take on a vintage home’s quirks for the sake of location and relative affordability, or an investor eyeing the gap between this property’s assessed value and the higher neighbourhood averages.
Five Frequent Questions
1. How does this property’s value compare to others on Campbell Street and in Winnipeg overall?
On its street, it’s above average: assessed at $461K versus roughly $437K average for comparable homes, and it’s in the top 28%. Citywide, it ranks in the top 26% for assessed value. So it’s priced higher than the immediate street norm but still offers strong relative value across the city.
2. Is this a small lot for the neighbourhood?
Yes. The lot is 4,491 sqft, compared to the Wellington Crescent area average of 9,488 sqft. On Campbell Street specifically, it ranks in the bottom 18% for land area. If you’re looking for a big yard or space for additions, this is not that property.
3. What should I know about a home built in 1919?
You’re buying into the century-home market. Expect solid timber framing, likely plaster walls, and period details—but also potential for outdated electrical, plumbing, insulation, and foundation work. It’s older than 88% of Winnipeg homes, so a thorough inspection is essential.
4. Why is the neighbourhood ranking low for living area and value?
Because Wellington Crescent includes many large, expensive properties. This home is modest in comparison—it’s below average for living area in the area (ranked 414th out of 548) and well below the neighbourhood’s average assessed value of $805K. That’s not a flaw; it means you’re buying in a high-value area without paying for the biggest or most expensive house.
5. Are the rankings based on all properties, or just similar homes?
The data compares this property to “comparable homes” within each scope (street, neighbourhood, citywide). The ranking bars show how it stacks up against peers in living area, year built, land size, and assessed value. The fill colour indicates performance tier—red/blue/amber/gray—based on how many peers you outperform.