Property Overview: 527 Community Row, Winnipeg
Section 1: Key Characteristics & Appeal
This 1966-built, single-story home in Betsworth sits on a notably large, mature lot of nearly 13,000 sqft—a rarity that places it in the top 3% of Winnipeg for lot size. The home itself is a practical 1,206 sqft bungalow featuring a finished basement. Its key appeal lies in this generous outdoor space, offering immense potential for gardening, recreation, or future expansion. The property suits buyers prioritizing land over a large footprint, such as downsizers seeking single-level living with ample yard space, first-time buyers looking for a starter home with room to grow, or anyone valuing privacy and green space in a mature neighborhood. A thoughtful perspective is the home’s "blank canvas" potential; while the interior is modest in size and era, the expansive lot and solid neighborhood rankings provide a foundation for both immediate living and long-term value through landscaping or renovation.
Section 2: Frequently Asked Questions
1. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the rooms or finish level. A viewing or inquiry with the seller is necessary to determine if it includes legal bedrooms, a separate entrance, or the quality of the renovations.
2. Why is the assessed value lower than the 2023 sale price?
The current assessment is $331,000, while it sold for $375,000 in June 2023. Municipal assessments for tax purposes often lag behind current market values and are calculated using different formulas, so the sale price is typically a more accurate reflection of recent market value.
3. How does the age of the home (60 years) affect it?
While the home ranks in the older half for its community, this is typical for mature neighborhoods. Buyers should budget for potential updates to major aging components like the roof, windows, or plumbing, and consider an inspection to evaluate the condition. The trade-off is often a well-established location on a large lot.
4. There's no garage. Is adding one feasible?
Given the exceptionally large lot size, adding a garage or carport is likely very feasible from a space perspective. Buyers would need to check local zoning bylaws, setback requirements, and budget accordingly for construction.
5. The community rankings seem mixed. What does this indicate?
The property ranks highly for lot size (top 11% in community) but lower for building age and assessed value within Betsworth. This suggests it's a solid, well-located property on a premium lot, but the dwelling itself may be more modest or dated compared to some neighbors. It highlights the value proposition: you are primarily investing in the land.