Property Overview
This 1981 two-storey home in Betsworth offers a well-maintained and spacious family layout on a generous 6,019 sqft lot. Its key appeal lies in its established neighbourhood setting and above-average interior space. With nearly 2,000 sqft of living area, it ranks in the top 10% of homes in Winnipeg for size, providing ample room. The finished basement and attached garage add practical, day-to-day value. The property suits buyers looking for a move-in ready family home without the premium of a new build, and who value space and a mature lot over brand-new condition. A thoughtful perspective is its balanced positioning: while not the newest or most luxurious on its street, it offers solid space and a finished basement that many similarly priced homes may not, representing a practical compromise.
Frequently Asked Questions
1. How does the age of the home affect its value?
Built in 1981, the home is well-established. While it ranks as newer than about 64% of Winnipeg homes, major systems like the roof, furnace, or windows may be due for inspection or updates, which is typical for homes of this era.
2. Is the price in line with the area?
The current assessed value is $506,000. This assessment ranks higher than 83% of Winnipeg homes, suggesting the official valuation is strong for the city. However, on its specific street, it ranks near the middle, indicating it may be priced consistently with its immediate neighbours.
3. What do the ranking percentages actually mean?
They show how this property compares to others in three areas. For example, its living area is larger than 90% of Winnipeg homes, which is a significant advantage. Conversely, its last sale price in 2017 was higher than 71% of homes at that time, which may indicate a strong historical value.
4. Who would this home be a good fit for?
It's ideal for a family seeking space and a finished basement in a mature neighbourhood. It would also suit buyers who prefer a home that's established over a new construction project, and who are comfortable with potential maintenance that comes with a 45-year-old property.
5. What is the potential downside?
The home was last sold in 2017 for $430,000. That price was higher than most homes in the city at that time, so a buyer should investigate what specific features or market conditions justified that premium. Additionally, while the lot is large, the home itself ranks lower on its own street for size and value compared to its city-wide standing, meaning some immediate neighbours may have larger or more valuable properties.