Property Overview: 314 Campbell Street, North River Heights, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This home is a compact, nearly century-old property on a standard city lot in the established North River Heights neighborhood. Its key characteristic is its modest 770 sqft living area, which is notably smaller than most homes on its street, in the area, and across Winnipeg. Built in 1927, it sits on a 4,319 sqft lot. The current assessed value is $376k, which is around the city-wide average but below the average for North River Heights specifically.

The primary appeal lies in its location within a desirable, mature neighborhood, offering an entry point at a value that is competitive city-wide. It represents a practical opportunity for buyers seeking to own a home in North River Heights without the premium price tag typically associated with larger properties in the area. The lot size, while below average for the street, still provides reasonable outdoor space for a home of this size.

This property would best suit first-time buyers, downsizers, or investors looking for a lower-maintenance home in a prime location. It’s ideal for someone who prioritizes neighborhood character and convenience over interior square footage, and who may be prepared to update an older home. A thoughtful perspective is that its smaller size and below-average assessment for the area could translate to relatively lower property taxes compared to neighboring homes, adding to its affordability.

Frequently Asked Questions

1. Is the house unusually small for the area?
Yes. The living area of 770 sqft ranks in the bottom 3% on Campbell Street and the bottom 2% in North River Heights, making it significantly more compact than most neighboring homes.

2. How does the assessed value compare?
At $376k, the assessment is around the city-wide average. However, it is below the average for North River Heights, suggesting you are paying a "neighborhood premium" for location rather than for the size or assessed value of the building itself.

3. What is the history of the property?
Public records show it was last sold in June 2017, with a sold price in the $300k-$350k range. The exact sale price can be provided upon request.

4. What are the potential considerations with a home built in 1927?
As a 99-year-old home, prospective buyers should budget for and thoroughly inspect age-related systems. This includes the roof, foundation, plumbing, wiring, and insulation, which may need updating or have undergone partial renovations over the decades.

5. How does the lot size compare?
The 4,319 sqft lot is below average for both Campbell Street and North River Heights. This means smaller yards than many neighbors, but it is still a decent-sized city lot that offers outdoor space without extensive maintenance.