Property Overview: 27 Carbutt Place, Winnipeg
Section 1: Key Characteristics & Appeal
This well-established Betsworth home presents a compelling opportunity for buyers seeking space, privacy, and value in a mature neighbourhood. Its key characteristic is an exceptionally large, approximately 12,200 sqft lot, which places it in the top 3% of all residential properties in Winnipeg for land size. This generous outdoor space offers significant potential for gardening, recreation, or future expansion.
The appeal lies in a balanced package: a solid, one-storey 1986 home with a finished basement and attached garage, situated on a premier lot. The home itself, at 1,455 sqft of living space, is comfortably sized and ranks well above average for assessed value in both its community and the wider city, suggesting a solid foundation. It would particularly suit buyers who prioritize land over a brand-new build—think families desiring a large backyard, downsizers looking for single-level living with room to breathe, or value-oriented investors who recognize the long-term worth of scarce, large urban lots. A thoughtful perspective is that while the home’s interior may benefit from modernization to match the lot's premium, the property’s standout rankings for lot size and assessed value indicate a strong asset where the land itself is a major driver of equity.
Section 2: Frequently Asked Questions
1. How does the age of the home (built 1986) affect its condition and value?
While 40 years old, the home ranks newer than 70% of Winnipeg houses, indicating it's in a cohort of relatively mature but not historic properties. Its above-average assessment suggests it has been maintained. Buyers should budget for updates consistent with a home of this era, but the structure is from a period known for reliable construction.
2. What does the high lot size ranking practically mean for me?
Ranking in the 97th percentile for lot size in Winnipeg is rare. It translates to extensive outdoor privacy, space for additions like a shed or deck, and less neighbour proximity. It's a long-term asset, as such large parcels are increasingly uncommon in the city.
3. The 2017 sale price was $433,000; how is the current $517,000 assessment justified?
The assessed value considers market trends, improvements, and comparable sales. The increase over seven years aligns with broader market movements and the property's standout feature—the lot. The assessment places it above 85% of Winnipeg homes, reflecting this perceived value.
4. Is the finished basement included in the 1,455 sqft living area?
Typically, living area (sqft) refers to above-grade space. The finished basement is an additional bonus area, providing extra rooms or recreational space not reflected in that main square footage figure.
5. The home ranks lower for living area than for lot size. Is it cramped?
At 1,455 sqft, it is smaller than the lot would suggest but still larger than 70% of Winnipeg homes. The floor plan's efficiency and the bonus of a finished basement are key. It offers comfortable living space, with the property's true differentiator being the outdoor expanse.