Property Summary: 642 Campbell Street, Winnipeg
Section 1: Key Characteristics & Appeal
This single-storey home in Central River Heights is defined by its generous, above-average lot size of over 6,000 sqft, which is a standout feature both on its street and within the desirable neighbourhood. Built in 1951, the house itself offers a modestly sized, renovated living space of approximately 1,064 sqft, complemented by a detached garage. The property’s primary appeal lies in its land value and location, presenting a clear opportunity for future expansion, garden development, or simply enjoying more private outdoor space than is typical for the area. It suits buyers looking for a solid footprint in a well-established community, particularly those who value potential over immediate square footage. This could be an ideal match for a long-term investor, a household planning a future renovation or addition, or a buyer who prioritizes a large yard for family or gardening over a large interior.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and licensing regulations if considering rental income.
2. How does the assessed value relate to the likely sale price?
The property’s assessed value is a municipal figure for tax purposes. The last known sale was in 2019 for $40,500. Current market conditions and the value of the large lot will be the primary drivers of the sale price, which would typically be significantly higher than the assessed value.
3. What does the lot size ranking mean for future development?
Ranking in the top 15% for land area on its street indicates rare potential. This large lot could provide flexibility for significant landscaping, adding a substantial addition, or even future subdivision, subject to city planning approvals.
4. What are the implications of the home's age and size?
While the living space is average for the city, it is below average for Central River Heights. The 1951 build date suggests charm and established landscaping, but buyers should budget for updates to older home systems (like plumbing or electrical) that may not be covered by the basement renovation.
5. Why is there such a focus on comparative rankings?
These rankings contextualize the property’s core metrics against immediate neighbours, the wider neighbourhood, and the entire city. They highlight that the lot is the property’s most competitive asset, while the house itself offers a more standard or compact footprint for the location.