Property Overview: 217 Campbell Street, North River Heights, Winnipeg

Key Characteristics & Appeal

This home stands out as a modern, high-value residence in a well-established neighbourhood. Built in 2022, it is notably newer than almost all surrounding properties, placing it in the top 1% for year built both on its street and across Winnipeg. This translates to modern construction standards, energy efficiency, and minimal immediate maintenance.

The appeal lies in its generous and above-average living space (1,894 sq ft, ranking in the top 10-21% across comparisons) combined with a premium assessed value of $753,000 (placing it in the elite top 3-5%). This suggests a well-appointed interior that justifies its valuation. A thoughtful perspective is that the home offers a "lock-and-leave" contemporary lifestyle within a mature, tree-lined community, blending new-build convenience with established charm.

It’s important to note the lot size is more compact (3,002 sq ft), which is typical for newer infill developments in older neighbourhoods. This suits buyers who prefer lower outdoor maintenance but should be considered by those envisioning extensive gardens, large decks, or future additions.

This property would ideally suit:

• Professionals or small families seeking a modern, turn-key home without the wait of a new build.
• Buyers who prioritize interior space and contemporary finishes over a large yard.
• Value-conscious purchasers looking for a property with standout assessed value and newer infrastructure in a prime area.

Frequently Asked Questions

1. How does the sold price from 2023 relate to the current assessed value?
The home sold for an estimated $750k-$800k in May 2023. Its current assessed value of $753k is consistent with that recent sale, indicating stable market valuation.

2. What does the "elite" ranking for assessed value really mean?
It means this home’s assessed value is higher than approximately 97% of comparable properties on its street and across the city. This reflects its premium market position, likely due to its newness, size, and finishes.

3. Are there any drawbacks to the property being so much newer than the neighbours?
While a major benefit, it can sometimes mean the home’s architectural style or lot usage differs from the neighbourhood norm. The smaller lot is a direct trade-off for the new, larger living space on a standard-sized city block.

4. What is the likely property tax based on this assessment?
Property tax is calculated by multiplying the assessed value by the City’s annual mill rate. With a $753k assessment, the annual taxes will be significantly higher than those for older, lower-valued homes on the same street.

5. You don’t show the exact past sold price or interior details. How can I get them?
Exact sale figures and a full transaction history are not displayed publicly on this site due to data licensing. You can request the exact sold price history directly via email using the link provided in the property data section.