518 Camden Place – Property Summary

Key Characteristics & Buyer Profile

This 1,472 sq. ft. home, built in 1911, sits on a 2,361 sq. ft. lot in Wolseley. Its living area ranks well above the average for the street (top 19%) and is competitive citywide, though it falls slightly short of the neighborhood average. The assessed value of $316,000 is around the street average but notably below the neighborhood ($371.3k) and city ($390.1k) averages, suggesting it may be priced more modestly for its immediate area. The lot size is small by both neighborhood and city standards (bottom 90% and 97% respectively), which is typical for older, central infill properties.

The appeal lies in its balance: a relatively generous interior on a compact lot, in a historic neighbourhood with character. It suits buyers who prioritize square footage and location over outdoor space or a newer build. Those looking for a fixer-upper in a desirable older community—or comparing it to similarly sized homes on cheaper streets—may find value. However, the lot size and age (1911) are realistic trade-offs; this is not a property for someone seeking a large yard or modern construction.

Frequently Asked Questions

1. How does the living area compare to similar homes on the street?
It is above average. The home ranks #9 out of 48 homes on Camden Place (top 19%), with a street average of 1,352 sq. ft. This gives it a meaningful edge in interior space relative to its immediate neighbours.

2. Is the assessed value a good indicator of market price?
Not exactly. The assessed value ($316k) is slightly above the street average ($303.3k) but well below the neighborhood average ($371.3k). Assessments lag behind market conditions and don’t reflect renovations or finishes. Use it as a starting point, not a final price.

3. Why is the lot ranked so low compared to the rest of Winnipeg?
The lot (2,361 sq. ft.) is small by citywide standards—ranking bottom 97%. This is common for older homes in established central neighbourhoods like Wolseley, where lots are narrower and more compact. If a large yard matters, this home may not fit.

4. How old is the house, and does that matter structurally?
It was built in 1911, which is older than the city average (1966). While older homes often have solid framing and character details, they may require updates to electrical, plumbing, insulation, or foundation. Always consider a home inspection and check for knob-and-tube wiring or outdated systems.

5. What’s the neighbourhood like in terms of similar properties?
Wolseley is a historic, walkable area with a mix of character homes. This property is around average for its age and living area within the neighbourhood but sits on a lot that is smaller than most neighbours’ (90% of nearby homes have larger lots). It may feel more urban than suburban.