Property Overview: 568 Campbell Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Central River Heights sits on a notably large, 6,359 sqft lot, placing it in the top 7% for land size on its street. Built in 1957, it is a newer construction compared to many homes in this desirable, established neighbourhood. The 1,600 sqft living area is spacious for its type, and the home features a renovated basement and a detached garage.
Its primary appeal lies in the combination of a prime location and significant lot size, offering rare potential for expansion, gardening, or outdoor living within a central area. The renovated basement adds immediate functional living space. This property would suit a buyer looking for a solid home in a top neighbourhood with the valuable option to renovate or expand in the future, thanks to the generous lot. It’s also a practical fit for those who prefer single-level living or value the flexibility of a detached garage for vehicles, a workshop, or storage.
A less obvious perspective is that while the assessed value is healthy for the area, the last sale price was relatively modest, suggesting the home may present a value-oriented entry point into a prestigious neighbourhood for a buyer willing to invest in updates.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is significantly larger than average. It ranks in the top 7% on Campbell Street and the top 12% in Central River Heights, offering substantially more outdoor space than most neighbouring properties.
2. Is the home older or newer for this area?
Built in 1957, it is considered a newer home for Central River Heights, where many houses are from the 1940s and earlier. It ranks in the top 4% for year built within the neighbourhood.
3. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but the specific scope, finishes, and whether it includes a legal suite or additional bedrooms should be verified through a viewing and inspection.
4. How does the last sale price relate to the assessed value?
The home sold for $45.1k in 2017, which is below its current assessed value of $54.6k. This is not uncommon and reflects market conditions at the time of sale; the current assessed value is used for taxation and provides a benchmark, but the market will determine the final sale price.
5. What is the potential based on the large lot?
The expansive lot is a key asset. It provides ample room for additions like an extension, a sunroom, or a large deck. It also allows for landscaping features, such as mature gardens or recreational space, that are uncommon on standard city lots in this locale.