Property Overview
This 728 sqft home, built in 1978, is a compact and affordable entry point into the Winnipeg market. Its key appeal lies in its strong positional value within the Betsworth community, where it ranks in the top tier for its street and neighborhood. While the home itself is modest in size and age, its recent sale price of $170,000 (close to its $172,000 assessment) reflects a stable investment in a well-regarded location. The property lacks a basement, garage, and is not a new build, positioning it clearly for buyers prioritizing location and affordability over space or modern features.
It would best suit a first-time buyer, an investor looking for a straightforward rental property, or a downsizer seeking a low-maintenance home in a mature neighborhood. The rankings suggest you are paying for the community more than the structure itself—a solid bet for someone who values the area's established character over a larger or newer home elsewhere.
Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in the immediate area. For example, ranking in the top 1% on its street for "size" means it's on a larger lot than 99% of its neighbors, which is a notable advantage despite the home's smaller footprint.
2. The home seems small. Is there potential to expand?
With no basement, all living space is on the main level. Expansion would require an addition, subject to local zoning. The lot ranking suggests there may be physical space to do so, but the investment required would significantly change the home's value proposition.
3. Why did it sell for close to the assessed value in the current market?
This indicates the assessment is recent and accurate, and that the market views the price as fair for a home of this type in this specific location. It suggests a transaction based on fundamentals rather than speculation.
4. What are the implications of having no basement?
It means all mechanical systems (furnace, water heater) and utilities are on the main living floor, which uses up some interior space. There is no option for below-ground storage or additional living space, which is a trade-off for the home's simplicity and lower flood risk.
5. The price has risen from ~$123K in 2016 to $170K in 2024. Is this typical?
This represents a steady, moderate appreciation. It aligns with broader market trends over that period and suggests the property has maintained its value relative to the wider Winnipeg market, as evidenced by its consistent city-wide ranking over the years.