Property Overview: 521 Community Row, Winnipeg
Key Characteristics & Appeal
This is a character-filled, one-and-three-quarter storey home in Betsworth, built in 1928. Its primary appeal lies in its generous, mature lot of over 15,700 sq ft—a rare find that places it in the top tier of properties in Winnipeg for land size. The home itself offers 1,680 sq ft of living space, which is above average for the area, and includes a finished basement. It does not have a garage or pool.
The property presents a compelling value proposition. While the home's age is reflected in its assessment, the significant land holding offers substantial future potential. It would suit a buyer who appreciates vintage charm and has a vision for renovation or expansion, valuing outdoor space and privacy over modern fixtures. It's also a strong candidate for a buyer looking for a long-term hold in a well-established neighborhood, where the land itself is a key asset. The appeal is less about turn-key perfection and more about foundational value and possibility.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a classic architectural style where the second floor is smaller than the main floor, often with sloped ceilings or dormer windows, providing a cozy, character-filled upper level.
2. The house ranks very low for its "newness" but high for land size. What does this indicate?
This highlights the property's profile: it's a century-old home on a much larger-than-average lot. The value and potential are heavily weighted toward the land itself and the home's "bones," rather than contemporary updates.
3. Is the finished basement included in the 1,680 sq ft living area?
Typically, living area (or above-grade square footage) does not include basement space, finished or unfinished. The 1,680 sq ft likely refers to the main and second floors.
4. The assessment value seems low relative to the lot size. Why?
Municipal assessments often weigh the age, condition, and features of the home itself heavily. A lower assessment on a large lot can sometimes reflect the home's need for modernization, not the market potential of the land.
5. What are the implications of not having a garage?
Buyers should budget for alternative parking solutions and consider the impact on winter convenience. However, the large lot offers ample space to add a garage or workshop, subject to local bylaws, which could be a future project that adds significant value.