Property Overview: 690 Campbell Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in Central River Heights, built in 1953. Its primary appeal lies in its generous 6,001 sqft lot, which is notably larger than most in the immediate area and neighbourhood, offering above-average outdoor space and potential. The home itself is more modest in size at 1,105 sqft of living area and features a renovated basement and a detached garage.
The property suits practical buyers looking for a solid entry point into a desirable, established neighbourhood. It’s ideal for those who value a large yard over a large house, seeing the land itself as a key asset for gardening, expansion, or future development. The recent renovation of the basement adds functional living space and suggests some of the major below-ground work has been addressed. Given its assessed and recent sale value, it represents a relatively accessible option in River Heights, likely appealing to first-time buyers, downsizers, or investors seeking a property with strong land value in a stable location.
Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. The lot is in the top 15% for size on its street and top 21% in Central River Heights. This is a standout feature for the area, providing more privacy and flexibility than typical properties at this price point.
2. What does "renovated basement" typically mean for a home of this age?
While specifics would require an inspection, for a 1953 home this usually indicates essential updates like moisture management, modern insulation, and finished living space. It’s a positive sign that some of the common concerns with older basements have been proactively addressed.
3. Who might this property not suit?
Buyers seeking a modern, open-concept layout or substantial above-ground square footage may find the 1,105 sqft main floor limiting. It’s better suited for those comfortable with the footprint of a classic one-storey home or those planning a future main-floor addition.
4. How does the assessed value compare to the sale price?
The home last sold in July 2023 for $42,500, which is close to its $40,800 assessed value. This alignment suggests a stable, market-based valuation without the premium often seen for fully modernized homes, reinforcing its position as a land-value opportunity.
5. What is the context of the detached garage?
A detached garage on a large lot is a practical asset for storage or as a workshop. It also provides flexibility for future property layouts, as it doesn’t consume from the main home's footprint and could be repositioned if the lot were ever redeveloped.