Property Overview: 5656 Betsworth Avenue
Section 1: Key Characteristics & Appeal
This well-situated one-storey home on a spacious 6,405 sqft lot offers practical living in a mature Winnipeg neighbourhood. Its key appeal lies in a combination of established location, usable space, and relative value. The home features 873 sqft of living space above grade, complemented by a finished basement, providing room to grow. A split-style garage adds functional storage or workshop potential.
The property’s strength is underscored by its competitive rankings: it sits in the top 24% of all Winnipeg homes for lot size and the top 40% on its street for assessed value, suggesting a solid footprint and perceived worth in its immediate area. It suits first-time buyers seeking a manageable, single-level layout with a generous yard, or value-oriented investors looking for a property with proven appreciation since its last sale in 2016. The appeal is practical rather than luxurious—it’s a home for those who prioritize land space and location over a large or modern interior, and who see potential in a property that ranks highly on fundamental metrics like lot size within the broader city context.
Section 2: Frequently Asked Questions
1. How does the age of the home (built in 1971) affect things?
While the home is 55 years old, which is reflected in its community ranking for age (top 76%, meaning many nearby homes are newer), it’s actually newer than over half the houses on its specific street. Buyers should budget for maintenance consistent with a mature home but can be reassured it’s not among the oldest in the immediate area.
2. The living space seems modest. Is the home actually small?
At 873 sqft above grade, the living area is compact, ranking in the top 84% in Winnipeg (meaning only 16% of homes are smaller). However, the finished basement significantly expands the usable space. The true standout is the outdoor space, with a lot size in the top quarter of the entire city.
3. What do the "rankings" actually tell me?
They show how this property compares to others in three areas: its street, its wider community, and all of Winnipeg. For example, ranking in the top 24% in Winnipeg for lot size is a strong indicator of valuable land. Conversely, its lower ranking for living space size highlights the trade-off: you’re getting more yard than interior square footage.
4. Has the property value increased?
The last recorded sale was in May 2016 for $280,000. The current assessed value is $368,000. This represents an increase, but as with any assessment, the market value is determined by what a buyer is willing to pay today.
5. Who is the typical buyer for this home?
This property is likely best suited for a practical buyer—perhaps a first-time homeowner, a downsizer looking for a single-level layout, or an investor. It appeals to those who value a large lot and a finished basement in an established area more than a large or recently renovated main floor.