Property Overview: 645 Campbell Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home, built in 1953, sits on a notably generous 6,000 sqft lot in the established Central River Heights neighborhood. Its primary appeal lies in the land itself—the lot size is well above average for both the immediate street and the broader area, offering significant space and potential in a desirable location. The house, with 950 sqft of living space and an unrenovated basement, presents as a compact and functional dwelling. It lacks a garage and a pool.

This property is best suited for two distinct types of buyers. First, it’s an ideal candidate for a builder or an investor looking for a prime lot to redevelop. Second, it would appeal to a handy homeowner or renovator seeking an affordable entry into a top neighborhood, who values the long-term potential of the land over the current condition of the home. The 2021 sale price of $330k, below the current city-wide assessed average, underscores its status as a value proposition centered on location and lot size rather than a turn-key home.

Section 2: Frequently Asked Questions

1. Is the house in livable condition?
The listing confirms the home has a basement but notes it is "not renovated." Prospective buyers should budget for updates and plan for a thorough inspection to assess the condition of both the main floor and basement.

2. What makes the lot so desirable?
At 6,000 sqft, the lot is in the top 22% for size in Central River Heights. This is a substantial parcel for the area, offering ample outdoor space, room for additions, or future redevelopment possibilities that are rare in mature neighborhoods.

3. Who would this property not suit?
It would not suit buyers seeking a move-in-ready, modern home with ample finished space, a garage, or extensive amenities. The value here is in the land and location, not in the current fixtures or footprint of the dwelling.

4. How does the assessed value compare to the last sale price?
The home is currently assessed at $350k. It last sold in October 2021 for $330k. The assessment being slightly higher than the recent sale price may reflect general market changes or the inherent value attributed to the lot.

5. What is the neighborhood context for this home?
The data shows that while this specific home is modest in size and value for Central River Heights, it sits on a street and in an area where lot sizes and home ages are generally above the city average. This indicates a well-established, stable neighborhood where the land itself is a key asset.