571 Campbell Street

Property Overview

This one-storey home at 571 Campbell Street in Winnipeg's Central River Heights presents a solid opportunity in a well-regarded neighbourhood. Built in 1953, it sits on a 6,000 sqft lot, which is notably larger than many in the immediate area and street. The home itself has a renovated basement and a detached garage. Its last sale was in 2019 for $39,500, and it currently holds an assessed value of $46,700.

Key Characteristics & Appeal

The primary appeal of this property lies in its land. The lot size is in the top 22% for the street and neighbourhood, offering above-average outdoor space for Central River Heights—a significant advantage for gardening, play, or future expansion. The renovated basement adds functional living space to the 1,067 sqft main floor. While the living area is modest compared to some neighbourhood homes, it represents a manageable footprint for the right buyer.

This home would suit a first-time buyer, a downsizer, or an investor looking for a property with strong "value in the land" in a central, mature neighbourhood. Its appeal is practical: it offers a chance to enter a desirable area where the lot itself is a long-term asset. The house provides a liveable foundation, but the generous lot presents the most compelling future potential, whether for personal enjoyment or strategic value.

Frequently Asked Questions

1. Is the assessed value the same as the market value?
No. The assessed value ($46,700) is for municipal tax purposes. The market value (sale price) is determined by what a buyer is willing to pay, which can be higher or lower. The home last sold for $39,500 in 2019.

2. How does the lot size compare practically?
At 6,000 sqft, the lot is over 12% larger than the neighbourhood average for similar homes. This means more backyard space, greater distance from neighbours, and potentially more flexibility for landscaping, sheds, or decks.

3. What does "renovated basement" typically mean here?
While specifics aren't listed, in a home of this era, a renovated basement usually indicates it has been finished into a livable space, such as a rec room, office, or additional bedrooms, and likely includes updated flooring, walls, and ceilings.

4. Who might find the living area (1,067 sqft) too small?
The living area is below the neighbourhood average. It would likely feel cramped for a family needing multiple bedrooms or dedicated workspaces. It's better suited for individuals, couples, or those who plan to utilize the basement and outdoor space extensively.

5. Why is the year built (1953) considered "above average" here?
In a historic, established area like Central River Heights, a 1953 build is newer than many surrounding homes. This can suggest more modern construction materials and layouts than much older homes, though it still requires consideration of updates to major systems like plumbing, wiring, and windows.