Property Overview & Appeal
This two-storey home on a large, 10,000+ sqft lot in Betsworth offers space and established comfort. Built in 1988, its key characteristics include over 2,000 sqft of living space, a finished basement, and an attached garage. Its appeal lies in its above-average proportions and solid standing within the broader market. The property ranks in the top tiers for lot size, living area, and assessed value not just in its immediate neighborhood, but across all of Winnipeg, indicating a highly competitive offering for its category.
It would best suit buyers looking for a mature property with room to grow or relax outdoors, and who value a home that performs well on key metrics compared to its peers. A thoughtful perspective is that while the home is nearly 40 years old, its high city-wide rankings suggest it has been maintained in a way that preserves its value and utility against newer builds. It’s a property for someone who appreciates established communities and tangible data points on a home's relative market position.
Frequently Asked Questions
1. What does the ranking system mean?
The rankings show how this property compares to others in its immediate street, neighborhood, and all of Winnipeg. For example, being in the top 6% for lot size city-wide means the lot is larger than 94% of properties in Winnipeg, which is a significant advantage.
2. Is the 1988 build year a concern?
While the home is not new, its rankings for assessed value and living area remain very high, suggesting it has been well-kept and retains substantial market value. Prospective buyers should focus on the condition of major systems (roof, windows, HVAC) typical for this age.
3. What is the benefit of such a large lot?
A lot of this size (over 1/4 acre) offers rare potential for expansion, gardening, outdoor recreation, or simply more privacy, especially within city limits. This is often the most irreplaceable feature of an older property.
4. Does a finished basement add value?
Yes, it adds functional living space. The specifics of the finish (quality, permits, ceiling height) would need to be verified, but it immediately increases the home's usable square footage for family, entertainment, or a home office.
5. Who determines the assessed value, and is it the sale price?
The assessed value is set by municipal tax authorities for taxation purposes. It is a strong indicator of the home's relative worth compared to others but is not the market sale price, which is determined by negotiation between buyer and seller.