Property Overview
This two-storey home on a large, 6,271 sqft lot in Betsworth offers a compelling blend of space and established neighbourhood character. Built in 1985, its key appeal lies in its above-average living area (2,082 sqft), which ranks in the top 15% of its immediate street and community. The property features a connected garage and an unfinished basement, presenting a clean slate for future customization. Its value proposition is underscored by a strong performance in city-wide rankings for both size and recent sale price, suggesting it is a competitively sized home in the broader Winnipeg market.
The home would suit buyers looking for a spacious family residence without the premium of a brand-new build, and who appreciate the maturity of a 40-year-old neighbourhood. It’s particularly well-suited for those with a vision to finish the basement to their own specifications, adding both living space and potential value. A thoughtful perspective is that while the home is older, its construction year is notably newer than over 80% of homes on its street, offering a relative advantage in terms of modern infrastructure within an established area.
Key Questions for Consideration
1. What is the significance of the provided rankings?
The rankings compare this property directly to others on its street, in Betsworth, and across all of Winnipeg. For example, its living area is larger than 92% of Winnipeg homes, indicating it is a genuinely spacious property for the city.
2. The house sold for $544,000 in 2022 but is now assessed at $495,000. What does this mean?
The assessed value is for municipal tax purposes and can differ from market value. The 2022 sale price is a concrete data point showing what a buyer recently paid, which can be a more reliable indicator of current market value than the assessment alone.
3. What are the implications of an unfinished basement?
This offers both opportunity and a consideration. It provides significant potential to add customized living space (e.g., a rec room, home office, or suite) but will require a planned investment of time and money to finish.
4. How does the age of the home (41 years) factor in?
While major components like the roof, windows, or furnace may be due for inspection or updates due to age, the data shows the home is actually newer than most in its immediate vicinity. This can mean fewer legacy issues than much older homes but suggests a prudent buyer should budget for routine maintenance of aging systems.
5. Who might this property not suit?
It may not be ideal for buyers seeking a completely move-in-ready, modern home with no projects, or those unwilling to potentially finish a basement. It also may not suit those looking for a brand-new community or specific amenities like a pool.