585 Campbell Street

Property Overview

This one-storey home at 585 Campbell Street in Central River Heights is a classic post-war property built in 1954. Its primary appeal lies in its generous 6,000 sqft lot, which is notably larger than most in both the immediate area and the wider neighbourhood. The house itself, with 1,062 sqft of living space, is modest in size and features an unrenovated basement and a detached garage. It last sold in February 2023 for $340,000.

This property is well-suited for a specific buyer. It’s an ideal candidate for someone looking for a solid foundation in a coveted neighbourhood, with the vision and budget to tailor a home to their tastes over time. The large lot is a significant asset, offering ample space for gardening, expansion, or future outdoor living. It would also appeal to an investor or builder who sees the underlying value in the land itself, given that the structure may require modernization. This isn’t a move-in-ready showhome, but a property with strong bones and clear potential in a prime location.

Frequently Asked Questions

1. Is the large lot size unusual for this area?
Yes. The lot is in the top 22% for size on Campbell Street and within Central River Heights, making it a standout feature. It provides more private outdoor space than many neighbouring properties.

2. What does “unrenovated basement” typically imply?
It means the basement is in original or functional condition but hasn’t been modernized. Buyers should budget for potential updates and anticipate a professional inspection to assess its current state and any needed improvements.

3. How does the 2023 sale price relate to the assessed value?
The sale price of $340k is significantly higher than the listed assessed value of $37.3k. In Manitoba, property assessments for tax purposes are often much lower than market value and should not be used as a direct indicator of sale price. The 2023 sale is the relevant market benchmark.

4. Who might this property not be suitable for?
It may not suit buyers seeking a turn-key, low-maintenance home, as updates are likely needed. The smaller living area and probable renovation requirements could also be a challenge for those with immediate space needs or a strict, all-inclusive budget.

5. What is the less obvious advantage of a 1950s build like this?
Homes from this era often have simpler, more robust construction layouts compared to older properties, which can make renovations and mechanical updates more straightforward. The established neighbourhood also means mature trees and settled infrastructure.