527 Camden Place – Property Summary
Key Characteristics & Buyer Profile
This is a 1,112-square-foot home built in 1925, sitting on a 2,361-square-foot lot in Winnipeg’s Wolseley neighbourhood. The standout feature is its construction year—it’s the oldest home on Camden Place (ranked #1 out of 48) and one of the older properties in the wider neighbourhood. That age gives it character but also means it’s likely smaller and on a tighter lot than newer or suburban options. The assessed value sits around $299,000, which is on par with others on the street but noticeably below the Wolseley average ($371,300) and the citywide average ($390,100). The living area is below both the street and neighbourhood averages but close to citywide norms.
The appeal here is for someone who values an older home with established charm in a central, walkable neighbourhood like Wolseley. Given the below-average value and modest size relative to the area, this property doesn’t cater to buyers looking for space or a premium finish. It suits first-time buyers entering the market, investors targeting entry-level rentals, or someone who’s willing to take on an older home that likely needs updates but offers lower entry costs in a desirable location.
Frequently Asked Questions
1. How does the price compare to other homes in Wolseley?
It’s below average for the neighbourhood. The assessed value is about 20% lower than the Wolseley median, and it ranks in the bottom quarter of homes by value. That makes it one of the more affordable options in the area.
2. Is the lot size a concern for a 1925 home?
It depends on your needs. At 2,361 square feet, it’s slightly smaller than average on the street and well below typical lot sizes in Wolseley. You won’t have a large yard, but for a central property, it’s consistent with older infill homes.
3. What does the “Top 2%” ranking for year built actually mean?
It means this is one of the oldest homes on the street and in the broader neighbourhood. That’s desirable if you’re after pre-war character, original detailing, or a home with history. It also means you should expect older systems (plumbing, electrical, foundation) unless they’ve been upgraded.
4. Why is the assessed value lower than the neighbourhood average even though it’s a historic home?
Age alone doesn’t drive value higher—size and condition matter more. This home is smaller than typical Wolseley properties and its assessed value reflects that. Historic appeal can be a bonus, but it doesn’t override square footage or functional obsolescence.
5. Who would not be a good fit for this property?
Anyone wanting a large lot, a modern open floor plan, or move-in-ready condition without anticipated maintenance. The below-average living area and lot size also make it less suitable for families needing multiple bedrooms or dedicated play space indoors or out.