508 Camden Place – Property Summary
Key Characteristics & Buyer Profile
This 1,488 sqft home, built in 1911, sits on a 3,211 sqft lot in Winnipeg’s Wolseley neighbourhood. Its standout feature is assessed value: at $405,000, it ranks first on its street (top 2%) and well above the street average of $303,300. The living area is slightly above average for the street (top 17%), but closer to the middle for the wider neighbourhood and city. The land is generous by street standards (top 13%), though modest compared to citywide lots. The house is old even for Wolseley—older than 93% of homes citywide—which reflects the area’s character but also means systems and structure likely need attention.
Appeal: The property offers strong relative value on its street—you’re getting the highest assessment in a block where most homes are assessed lower, which could suggest above-average condition, a desirable renovation, or a premium location within Camden Place. The lot is roomy for the street, and the living area is functional without being oversized.
Who it suits: Buyers who value character neighbourhoods, want a home that stands out on its block, and are comfortable with an older house that may require maintenance. Not ideal for someone seeking a turnkey modern home or a large suburban lot. May appeal to those looking for a renovation project with good bones, or someone who wants to lock in a higher-end property in a sought-after older neighbourhood without paying citywide peak prices.
Frequently Asked Questions
1. How does this home compare to others on the same street?
It ranks #1 of 48 in assessed value (top 2%), #8 in living area (top 17%), and #6 in land area (top 13%). The street average for living area is 1,352 sqft, so this home is about 10% bigger. Its assessment is about 33% higher than the street average.
2. Is the assessed value of $405,000 a reliable guide to market price?
Assessed value is a public estimate, not a current market appraisal. However, being the top-ranked property on the street suggests it may command a premium. That said, sales prices depend on condition, recent updates, and buyer demand. An older home could appraise differently depending on renovations.
3. What should I know about the age of this house?
Built in 1911, it’s older than the street average (1912) and far older than the citywide average (1966). While many Wolseley homes are pre-1920s, this means plumbing, electrical, foundation, and insulation could be original or need updates. A thorough inspection is strongly recommended.
4. How does the lot size compare to other homes in Winnipeg?
At 3,211 sqft, the lot is above average for its street (2,678 avg) and around the middle for the neighbourhood (3,434 avg). But citywide, the average comparable lot is 6,570 sqft—nearly double. This is typical for an older, close-in neighbourhood like Wolseley, where lots are smaller but location is central.
5. What does “around average” mean in the neighbourhood and city rankings?
For the neighbourhood (Wolseley), this property falls near the middle in living area (top 56%), assessed value (top 28%), and year built (top 50%). Citywide, living area is top 31% and assessed value is top 37%, but year built is well below average (top 93%). So while it’s competitive in size and value locally, its age is a distinct outlier compared to newer homes across Winnipeg.