490 Camden Place – Property Summary
Key Characteristics & Buyer Profile
This is a 1911 home in Winnipeg’s Wolseley neighbourhood with 1,008 square feet of living space on a 2,361-square-foot lot. Its assessed value is $318,000. The standout feature is its street-level value: it ranks in the top third on Camden Place for assessed value, meaning you get slightly more house for the money compared to immediate neighbours. The home is older than average for the city (top 93% citywide by year built), which appeals to buyers who appreciate pre-war construction and established neighbourhoods. The living area and lot size are both below the neighbourhood and city averages, so this isn’t a home for someone needing generous square footage or a large yard. The appeal lies in its relative affordability on a good street in a desirable area—buyers who prioritize location and value per dollar over sheer space will find this worth a look. First-time buyers, downsizers, or investors looking for a well-located property with character potential would be a natural fit.
Five Possible FAQs
1. How does the assessed value compare to similar homes in Wolseley?
The assessed value is $318,000, which is below the Wolseley average of $371,300. However, on its own street, it ranks 16th out of 48 homes—slightly above the street average of $303,300—suggesting it’s priced competitively for its immediate surroundings.
2. Why is the living area considered “below average” when the citywide average is close?
The citywide average for comparable homes is 1,342 sqft, while this home is 1,008 sqft. The “below average” label stems from the fact that most homes in Wolseley and on Camden Place are larger—1,352 sqft and 1,622 sqft on average, respectively. It’s not unusually small by city standards, but it is noticeably smaller than its neighbours.
3. What does a 1911 build mean in practical terms?
A home this old likely has solid framing and character details, but expect older systems (electrical, plumbing, insulation) that may need updating. It’s also worth noting that the home’s age is typical for the street and neighbourhood, so you won’t stand out as unusually old or new in this area.
4. Is the small lot a dealbreaker for most buyers in Wolseley?
The lot is 2,361 sqft, ranking in the bottom 10% for the neighbourhood. Most homes in Wolseley sit on 3,434 sqft lots (average). This means limited outdoor space, no room for major additions, and less privacy from neighbours. Buyers wanting a garden or room to expand should look elsewhere.
5. How was the “liveability” and “value” data calculated?
The rankings compare this property to a pool of “comparable homes”—typically single-family dwellings within the same street, neighbourhood, and city. The fill bar shows what percentage of that peer group you outperform in each category (e.g., assessed value). The tier colours (red, blue, amber, gray) indicate whether the rank is strong, average, or weak relative to peers.