Property Overview: 649 Campbell Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Central River Heights sits on a generously sized 6,000 sqft lot, which is notably larger than most in this desirable neighbourhood. Built in 1953, the house itself is modest in size at 966 sqft of living space, suggesting a classic bungalow layout. A key feature is its renovated basement, adding functional living area, and it includes a detached garage. The appeal here is primarily in its location and land. You're purchasing a solid footprint in a well-established, central community, with the value leaning more toward the property's potential and lot size than the current home's square footage. It would suit a practical buyer—perhaps a first-time homeowner comfortable with a cozy living space who values outdoor room for gardens, pets, or future expansion. It could also appeal to an investor or builder who recognizes the underlying value in the lot size for the area, viewing the existing structure as a foundation to build upon or renovate substantially.
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 confirm its status with the city and their inspector to understand any rental potential or safety compliance.
2. How does the low assessed value relate to the likely selling price?
The municipal assessed value is for taxation purposes and is often significantly lower than market value. The sale price will be determined by current market conditions, demand for the River Heights area, and the property's unique lot size.
3. What does the larger lot size mean for me?
Beyond extra yard space, a lot that's larger than neighbourhood averages can offer more privacy, better landscaping options, and potential for additions like a larger garage, a garden suite (subject to zoning), or a future home expansion.
4. The living area is noted as below average. How does the renovated basement factor in?
While the main floor living area is compact, the renovated basement effectively increases the usable square footage. Consider how the basement space complements the main floor—whether as extra bedrooms, a family room, or a flexible workspace—to gauge the total functional living area.
5. The home sold in late 2020. What can that past sale tell us?
The 2020 sale price reflects the market conditions of that time. Its primary utility now is to show property turnover, but it should not be used as a direct indicator of current value given significant market shifts in recent years.