Property Overview: 560 Campbell Street, Winnipeg
Section 1: Key Characteristics & Appeal
This single-storey home in Central River Heights is defined by its generous, mature lot. At over 7,000 square feet, the property offers a rare amount of private outdoor space for the area, placing it in the top tier of homes on its street and in the neighbourhood. Built in 1955, the house itself is a comfortable 1,461 sqft residence with a renovated basement and a detached garage.
The primary appeal lies in its land value and location. The lot size is a significant asset, offering potential for gardening, expansion, or simply ample room for recreation and privacy—a growing rarity in established, central neighbourhoods. Its above-average assessed value for the area suggests a solid, well-regarded property. This home would suit a buyer looking for a long-term foundation in a desirable community, prioritizing lot size over a newly built structure. It’s ideal for someone who values outdoor space and sees the potential in the existing footprint, whether for living as-is or for future updates.
Section 2: Frequently Asked Questions
1. What does the assessed value indicate?
The assessed value of $57,400 is notably above the average for both Campbell Street and Central River Heights, indicating the property is officially valued higher than most of its immediate peers, likely due to its lot size and condition.
2. How does the 2017 sale price relate to today’s value?
The home sold for $32,500 in late 2017. This historical price is a point of reference, but market conditions have evolved. The current assessed value provides a more recent benchmark for municipal valuation.
3. Is the living space typical for the area?
At 1,461 sqft, the living area is above average for similar homes on its street and in the neighbourhood, offering more interior space than many comparable properties.
4. What are the implications of a detached garage?
A detached garage provides flexibility. It can be ideal for a workshop or separate storage but may be less convenient during Winnipeg winters compared to an attached structure.
5. The home was built in 1955. What should I consider?
While newer than many homes in Central River Heights, a house of this age will have systems (like plumbing and electrical) that are likely original or partially updated. A thorough inspection is essential to understand the condition and any needed maintenance or modernization.