541 Camden Place – Property Summary

Key Characteristics & Buyer Profile

This is a 1912 home in Wolseley with 1,403 sq ft of living space on a 2,361 sq ft lot. Its assessed value sits at $314,000.

A few thoughtful observations: The home is older (city-wide, it ranks in the oldest 8% of properties), but within its own street and neighbourhood, it’s actually quite typical—Camden Place has a cluster of houses built around the same era. The living area is solid: slightly above the street average and above the city-wide average for comparable homes, suggesting decent interior space without being oversized. The land area, however, is notably small—below average for the neighbourhood and well below the city-wide norm. This is characteristic of older, centrally located infill lots in Wolseley.

The assessed value is modest relative to the neighbourhood and city medians, which may reflect the smaller lot size or condition considerations. It ranks near the middle of the street but falls in the bottom third city-wide for value.

This property would likely suit:

• Buyers who value an older neighbourhood with established character and mature trees, rather than new subdivisions.
• Someone who prioritizes interior square footage over outdoor space—the lot is compact, so extensive gardening or expansion may be limited.
• First-time buyers or those looking for a more affordable entry point into a desirable central Winnipeg neighbourhood (Wolseley is known for its walkability and older homes).
• Renovators or those comfortable with a home that may need updates—given the age and below-average assessed value relative to the area, there could be room to add value.

Frequently Asked Questions

1. How does this home’s size compare to others in Wolseley?
The living area (1,403 sq ft) is around average for the street but slightly smaller than the Wolseley neighbourhood median of 1,622 sq ft. It’s actually above the city-wide average for comparable homes. The lot, however, is significantly smaller than the neighbourhood norm—2,361 sq ft versus 3,434 sq ft—so indoor space is more generous than the outdoor footprint suggests.

2. Is the assessed value a good indicator of market price?
Assessed value is a baseline used for property taxes, not a market valuation. In this case, $314,000 is below the Wolseley neighbourhood median ($371,300) and the city-wide median ($390,100). This could reflect the smaller lot, the home’s age, or condition. A realtor’s comparative market analysis would give a more accurate sense of what it might sell for.

3. How old is the house, and is that a concern?
Built in 1912, it’s among the older homes on the street (top 15% for age locally). City-wide, it’s in the oldest 8% of properties. Age isn’t inherently a problem, but it often means older electrical, plumbing, foundation, or insulation systems. A thorough home inspection—especially for knob-and-tube wiring, lead pipes, or settling—is strongly recommended.

4. Why is the lot so small compared to other homes in the area?
Wolseley was developed in the early 1900s with relatively narrow lots, and many homes were built on smaller parcels than newer suburban subdivisions. The city-wide average lot size is 6,570 sq ft—nearly three times this property’s land area—but that includes large suburban lots. On a street level, the average is 2,678 sq ft, so this lot is actually close to the local norm.

5. How does this property rank in terms of value for money?
Within the street, the assessed value ranks in the top 38%—slightly above the street average of $303,300—while the living area is also above average. So you’re getting decent interior space for the price relative to direct neighbours. But compared to the broader Wolseley area and city-wide, both the assessed value and lot size are below average. The relative value depends on whether you prioritize location and character over raw lot size or modern build.