Property Overview
This 1987-built bungalow in Betsworth offers a practical and spacious family layout on a large, 6,849 sqft lot. Its key appeal lies in its balance of established neighbourhood character, generous outdoor space, and functional living areas. The home features 1,544 sqft of living space, a finished basement, and an attached garage. Its competitive rankings highlight a key strength: while the home itself is of average size for its immediate street, it sits on a larger-than-typical lot for the area and holds a high assessed value ranking city-wide, suggesting solid underlying property value. The bungalow style and single-storey design add to its accessibility.
This property would best suit buyers looking for a manageable, low-maintenance home with room to grow outdoors, such as first-time buyers seeking space for a future garden or addition, or downsizers wanting single-level living without sacrificing yard size. Its strong city-wide value ranking may also appeal to the long-term investor or buyer who views the land as a significant asset.
Frequently Asked Questions
Q: How does the age of the home (built in 1987) factor into its condition and potential costs?
A: Homes from this era often feature modern wiring and plumbing standards, but may be due for updates to major components like the roof, windows, or HVAC system. A thorough inspection is recommended to assess the remaining lifespan of these elements.
Q: The home ranks highly for lot size but lower for living area on its street. What does this mean?
A: This indicates the property offers a premium in outdoor space compared to its neighbours, which is a rarer and often more valuable commodity. It presents an opportunity for expansion, gardening, or outdoor living that other homes on the street may not have.
Q: What is the significance of the high assessment value ranking across Winnipeg?
A: Ranking in the top 15% of the city for assessed value suggests the property is considered by the assessor to be a high-value asset relative to most Winnipeg homes, which can be a positive indicator for long-term equity, even if the home itself is modest.
Q: The community ranking for building age is very high (top 14%). What does this suggest about the neighbourhood?
A: It indicates Betsworth is an established area with many older homes. This property is among the newer builds in the community, potentially meaning fewer immediate concerns with extremely aged infrastructure compared to some neighbours.
Q: Is the finished basement included in the stated 1,544 sqft living area?
A: Typically, square footage refers to above-grade living space. The finished basement is an additional area that adds functional living space but is not counted in the official 1,544 sqft figure, representing a bonus to the home's usable space.