Property Overview
This one-storey home at 626 Campbell Street in Winnipeg's Central River Heights is defined by its generous lot and established neighbourhood setting. Built in 1951, the house itself offers 1,064 sqft of living space and features a renovated basement and a detached garage. The primary appeal lies in its land: at 6,001 sqft, the lot size is well above average for both the immediate street and the broader River Heights area, offering significant outdoor space in a central, desirable location. This property would suit a buyer looking for a solid starter home or downsizer with room to garden or expand, or an investor attracted by the land value and the potential of a renovated basement suite (subject to verification). Its value is rooted more in location and lot potential than in the size or modernity of the dwelling.
Key Considerations & FAQs
1. Is the house in good condition?
While the listing notes a renovated basement, the main living areas of a 1951 home will likely require due diligence. A thorough inspection is recommended to understand the condition of major systems like roof, wiring, and plumbing, common considerations for homes of this era.
2. What does the "above average" lot size really mean for me?
The lot is in the top 15% on its street. This isn't just about a bigger yard; it provides more privacy, space for additions like a deck or garage, and future development potential, which is a rare find in mature neighbourhoods.
3. Why is the assessed value so much lower than the city-wide average sale price?
The assessed value is for taxation purposes and often lags behind market values. The sale price metrics are more relevant, indicating it last sold around average for Winnipeg but below average for River Heights, which could represent a relative value opportunity in a premium area.
4. Who would this property not be suitable for?
It may not suit buyers seeking a modern, open-concept layout or large interior square footage without undertaking renovations. The living area is below average for the neighbourhood, so the layout may feel compact for a growing family.
5. What is the real advantage of the River Heights location?
Beyond the obvious amenities, Central River Heights offers stability and enduring demand. The lot size here is a particular advantage, as newer infill developments typically sit on much smaller parcels, making this a scarce commodity.