149 Campbell Street – Property Summary

Key Characteristics & Buyer Profile

This 1,552 sqft home built in 1922 sits on a 5,996 sqft lot in Winnipeg’s Wellington Crescent area. The property occupies an interesting middle ground: it performs well relative to the city and its immediate street, but falls significantly below the averages for the broader Wellington Crescent neighbourhood. On Campbell Street, it ranks in the top 22% for living area and top 25% for assessed value. Citywide, it lands in the top 24% for value and top 28% for size. The assessed value of $473,000 sits well above the street average of $436,900 and the city average of $390,100.

The contrast becomes clearer at the neighbourhood level. Wellington Crescent is an upscale area where the average home is 2,343 sqft with an assessed value of $805,600. This property is smaller and less expensive than most homes in the immediate vicinity—ranking in the bottom third for both size and assessed value locally. The 1922 build date is also older than the street average of 1945, placing it among the older homes on Campbell Street.

The appeal here is straightforward: you get the address and location of a prestigious neighbourhood without paying the premium for a full-sized estate home. For buyers who value the Wellington Crescent name and want a manageable, older home on a decent lot (just under 6,000 sqft), this represents a more accessible entry point. It suits someone who appreciates the character of a 1920s home, doesn’t need 2,000+ square feet, and would rather invest in renovations or updates than pay top dollar for a move-in-ready mansion. It could also appeal to those who see land value potential in an area where lots typically run closer to 9,500 sqft.

Frequently Asked Questions

1. How does this home compare to others on Campbell Street specifically?
Very well. It’s larger than most (top 22%), assessed higher than most (top 25%), and sits on a lot that’s slightly above the street average. The main trade-off is age—it’s one of the older homes on the street, built in 1922 versus the average of 1945.

2. Why is the assessed value so much lower than the neighbourhood average?
The Wellington Crescent area includes many larger, newer homes on bigger lots. This property is smaller, older, and on a lot about 3,500 sqft smaller than the neighbourhood average. The $473,000 assessment reflects a home that fits the area in location but not in scale or finish.

3. What does “below average” at the neighbourhood level actually mean?
It means relative to the 548 comparable homes within Wellington Crescent, this property ranks at the lower end for living area (#421), assessed value (#390), and year built (#436). In practical terms, you’re buying into a high-end area at a lower price point—your neighbours will likely have more square footage and newer construction.

4. Is the land size considered small or large?
It depends on what you’re comparing. On Campbell Street, the 5,996 sqft lot is slightly above average (5,348 sqft). Citywide, it’s in the top third. Within Wellington Crescent, however, it’s well below the average of 9,488 sqft—roughly 60% of the typical lot size in the area.

5. What kind of updates might a 1922 home typically need?
This isn’t stated in the property data, but homes from that era often require attention to foundation, electrical, plumbing, and insulation. The assessed value of $473,000 likely reflects the age and condition compared to newer or renovated homes nearby. A buyer should budget for updates unless recent work has already been done.