Property Overview

This one-storey home at 611 Campbell Street in Central River Heights presents a compelling opportunity in a sought-after neighbourhood. Its primary appeal lies in the combination of a generous, above-average lot and a recently renovated basement, offering a solid foundation in a prime location. The 6,000 sqft property lot ranks in the top 22% for size both on its street and within the wider neighbourhood, providing valuable outdoor space and potential. Built in 1953, the house itself is newer than many in the immediate area. While the 1,194 sqft of living space is average for the city, the renovated basement adds functional square footage. The home last sold in March 2023 for $450k, a price that performed above the city-wide average for comparable properties.

This property would suit a buyer looking for a character home in a mature, established neighbourhood who values land size over a large initial footprint. It's ideal for someone comfortable with a home from the 1950s who sees potential in the existing renovation and the substantial lot. It could appeal to young families seeking space to grow in Central River Heights, or to downsizers who want a manageable single-level layout without sacrificing a prized garden or outdoor area.

Frequently Asked Questions

1. What does "renovated basement" typically mean for a home of this era?
For a 1953 home, a renovated basement often means updated finishes, improved lighting, and likely enhanced moisture control. It's wise to ask for specifics on the renovation's scope, permits, and whether it created a legal secondary suite or simply additional living/recreational space.

2. How does the assessed value relate to the likely sale price?
Note that the listed assessed value ($49.5k) is for municipal tax purposes only and is not an indicator of market value. The 2023 sale price of $450k is the relevant market benchmark. Assessments in Winnipeg are typically a fraction of a property's market value.

3. The lot is large, but is it usable?
A 6,000 sqft lot in Central River Heights is a significant asset. Its usability depends on shape, orientation, and any existing landscaping or structures. A potential buyer should consider if the layout supports their needs for gardening, recreation, parking, or future expansion like an addition or garage.

4. What are the implications of the home being "newer" than others on the street?
A 1953 build date is newer than the street average (~1945). This can suggest potentially updated core systems (like wiring or plumbing) compared to much older homes, though specific condition and upgrade history are always key. It may also indicate a slightly different architectural style.

5. The home sold recently in 2023. Should that be a concern?
Not necessarily. A recent sale can indicate a fluid, desirable property. It's worth understanding why the current owners are moving after a short period—common reasons include job relocation, changing family needs, or finding a new property—which is typical and not a red flag in itself.