521 Camden Place – Property Summary
Key Characteristics & Appeal
This is a 1911-built home with 1,383 square feet of living space on a 2,361-square-foot lot in Winnipeg’s Wolseley neighbourhood. The property’s size is around average for its street and the city overall, with a citywide ranking in the top 37% for living area. Its assessed value of $305,000 sits slightly below the Wolseley average of $371,300 and well below the citywide average of $390,100, placing it in the top 69% citywide—meaning it offers relatively modest pricing compared to much of Winnipeg.
The lot, however, is notably small. It ranks in the bottom 10% within Wolseley and the bottom 3% citywide. This is the property’s most distinctive trade-off: you get a compact, manageable yard in an older, established neighbourhood, rather than the generous lots typical of the city’s postwar subdivisions. The home itself is also older than most citywide (built 1911, while the Winnipeg average is 1966), which is typical for Wolseley but worth noting for anyone unfamiliar with the area’s housing stock.
Appeal lies in its combination of an average-sized, reasonably priced home in a walkable, character-rich neighbourhood. Wolseley is known for its tree-lined streets, older homes, and proximity to the Assiniboine River, parks, and local shops. Buyers here are often less concerned with lot size or a new build and more focused on location, community feel, and architectural character. This property would suit first-time buyers looking for an entry point into a desirable central neighbourhood, downsizers who want less outdoor upkeep, or anyone who prioritizes urban walkability over a large private yard.
Frequently Asked Questions
1. How does this home’s assessed value compare to others in Wolseley?
Below average. The neighborhood average for comparable homes is $371,300, while this property sits at $305,000. That places it roughly in the 28th percentile for value within Wolseley, which could make it a more affordable entry point for the area.
2. Why is the lot size considered small, and what does that mean practically?
At 2,361 square feet, the lot is smaller than about 90% of homes in Wolseley and 97% citywide. That means less grass to mow and less space for gardening or large additions, but also less privacy from neighbours. It’s typical for older, denser parts of the city.
3. Is the property’s age a concern?
Built in 1911, it is older than about 93% of homes across Winnipeg. Age isn’t inherently a problem, but it often means older plumbing, electrical, and insulation. Buyers should budget for a thorough home inspection and potential upgrades over time. That said, many homes in Wolseley have been well-maintained or updated.
4. Who would typically be interested in this property?
Buyers who value living in Wolseley specifically—often local professionals, young families, or empty-nesters who want a compact home within walking or biking distance of the downtown core, the Forks, and the river trails. People expecting a large suburban lot would likely look elsewhere.
5. What are the property’s strongest selling points compared to other Winnipeg homes?
Its location in Wolseley and its living space-to-price ratio. While the lot is small, the home itself is right around the city average for square footage, and its assessed value is below average for both the neighbourhood and the city. You’re essentially getting a typical-size home in a sought-after area for less than what similar homes go for elsewhere in Winnipeg.