Property Overview: 623 Campbell Street, Winnipeg

Key Characteristics & Appeal

This single-storey home on a 6,000 sqft lot in Central River Heights presents a solid, grounded opportunity. Its primary appeal lies in the combination of a generous, above-average lot size for the area and a recently renovated basement, offering immediate livable space and potential. Built in 1953, the house itself is older but sits on a parcel of land that is larger than most of its immediate neighbours and peers in the sought-after River Heights area.

The property would suit practical buyers who value space and location over a modern footprint. It's ideal for a first-time buyer or downsizer looking for a manageable single-level layout in a established neighbourhood, with the renovated basement providing extra room for a family, home office, or rental potential. The detached garage adds utility. A thoughtful perspective is that the above-average land size in a mature neighbourhood like this represents a long-term asset that is increasingly rare, offering future possibilities for expansion or landscaping that smaller lots cannot accommodate. The data suggests you are paying a premium for the location and land, not for a large or modern house, making it a strategic purchase for the right buyer.

Frequently Asked Questions

1. How does the lot size compare practically?
At 6,000 sqft, the lot is notably larger than the local area averages (approx. 5,348-5,581 sqft). This means more private outdoor space, room for gardens, play areas, or a larger deck than is typical for Central River Heights.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the quality of finishes, the inclusion of proper permits, and whether it features a legal secondary suite or additional bedrooms.

3. The home sold in 2019 for $250k. What does that indicate?
The 2019 sale price was below average for both the street and neighbourhood at that time, which may have reflected the home's condition prior to the basement renovation. It provides a historical benchmark but may not reflect current value with the updates.

4. Is the assessed value a reliable guide for the listing price?
No. The municipal assessed value for taxation purposes ($41,600) is typically far below market value and should not be used to estimate the sale price. It is a tool for calculating property taxes, not appraising market worth.

5. What are the implications of the 1953 build year?
While the home is older, its build year is actually above average for Campbell Street and Central River Heights, where many homes are even older. This suggests potentially newer infrastructure (like plumbing or electrical) than some neighbours, but a thorough inspection for an older home's typical maintenance items remains essential.