Property Overview: 5640 Betsworth Avenue
This one-storey home, built in 1968, sits on an exceptionally large, mature lot in Winnipeg. Its primary appeal lies in the significant land size of over 14,400 sqft, which ranks in the top 1% of its street and the top 2% city-wide, offering rare potential for expansion, gardening, or outdoor living. The house itself, at 1,406 sqft, provides comfortable living space that is above average for the area. Recent sale data and assessment values are closely aligned, suggesting a stable market valuation.
The property is best suited for buyers who prioritize land over a turn-key home. It’s an ideal canvas for someone looking to put their own stamp on a property, whether through renovating the existing bungalow, potentially adding to it, or simply enjoying one of the larger private yards available in the city. The unfinished basement and the home’s vintage present an opportunity for customization. It would also appeal to long-term investors or families valuing space and privacy, who are comfortable with a property that has maintained its original character.
Frequently Asked Questions
1. What does the "land ranking" actually mean?
The rankings show how this property compares to others. Its land size is larger than 99% of lots on its street, 91% in its neighbourhood, and 98% across all of Winnipeg. This highlights the lot size as a truly standout feature.
2. Is the house in original condition?
Based on the details provided, the home is from 1968 and has an unfinished basement. This strongly suggests the main living areas retain their original layout and finishes, which is typical for a home of this age that hasn't been substantially renovated.
3. What can I do with such a large lot?
Beyond a spacious yard, a lot of this size may offer future potential for additions like a garage, workshop, or sunroom, subject to local zoning and permit approvals. It's a major asset for anyone with hobbies, pets, or a desire for extensive landscaping.
4. How does the recent sale price compare to the city assessment?
The home sold for $405,000 in August 2024, which is very close to its city assessment of $394,000. This close alignment indicates the sale was in line with the city's valuation and recent market conditions.
5. Are there any major drawbacks to consider?
The home's age means prospective buyers should budget for updates to major systems like roofing, plumbing, or electrical. While the structure offers great space and land, it likely requires modernizing to meet current energy efficiency and design standards.