Property Summary: 22 Civic Street, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a spacious, well-established two-storey home in Betsworth, built in 1988. Its primary appeal lies in its generous scale and significant lot size. With nearly 3,000 square feet of finished living space and a large, 10,000+ square foot lot, it offers substantial room for a growing or multi-generational family. The home features a finished basement and an attached garage.
The standout feature is its impressive competitive ranking within the broader market. It ranks in the top tier for size, value, and lot dimensions when compared to most homes in Winnipeg, its community, and even its own street. This suggests a property that offers more space and land than the vast majority of local listings, providing a sense of value and rarity for the price point.
This home would best suit buyers who prioritize interior and exterior space over a brand-new build. It’s ideal for those looking for a established home in a mature neighbourhood, where the value is derived from the physical footprint and land rather than modern finishes. A thoughtful perspective is that while the home is nearly 40 years old, its top-tier rankings indicate it has been maintained as a competitive asset in the area, potentially offering a stable investment in a character neighbourhood.
Section 2: Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others. For example, ranking in the "top 6%" for lot size in Winnipeg means 94% of homes in the city sit on smaller lots. It's a quick way to see this home's standout features in the market.
2. Is a 1988-built home a concern?
While not new, the home is in the middle-aged range for its neighbourhood, ranking newer than 73% of Winnipeg homes. Its condition will depend significantly on updates and maintenance over the years, which a thorough inspection would clarify.
3. Who might this property not suit?
Buyers seeking a modern, open-concept layout or a low-maintenance, turn-key property may find the scale and age of this home require more personalization or upkeep. It appeals more to those who see potential in space and land.
4. The assessment value is high for the area. What does that indicate?
Assessing in the top 7% of its community, the official valuation reflects its large lot and substantial square footage. It suggests the property is a significant asset within the neighbourhood, which can be positive for equity, though municipal taxes will be calibrated accordingly.
5. The lot is large, but is it usable?
At over 10,000 sq ft, the lot offers excellent potential for gardening, recreation, or expansion. Its usability will depend on the shape, topography, and any municipal bylaws regarding coverage or setbacks, which should be verified.