Property Overview: 5661 Betsworth Avenue
Key Characteristics & Appeal
This is a well-established, single-family bungalow situated on a notably large, mature lot of nearly 10,000 square feet in Winnipeg. Built in 1973, the home offers 1,534 sqft of living space, a fully finished basement, and a detached garage. Its standout feature is the exceptional lot size, which places it in the top 5% of properties on its street. While the home itself ranks very well for size and value on its street, its broader appeal lies in a combination of space, established location, and solid fundamentals.
The property's primary appeal is for buyers seeking a long-term home with ample outdoor space for gardening, recreation, or future expansion in a settled neighborhood. It suits a practical buyer who values a generous yard over a brand-new build, and who may see potential in the existing floor plan. The strong rankings for assessed value and recent sale price suggest it is perceived as a substantial asset within its market. It’s a property for someone looking to put down roots, offering more land than typical modern subdivisions and the character that comes with a mature setting.
Frequently Asked Questions
1. What is the significance of the property rankings provided?
The rankings compare this home against others on its street, in its community, and across all of Winnipeg for metrics like lot size, age, and assessed value. They show this home’s lot is exceptionally large for the area, and its overall value is consistently in the top tier of its immediate neighborhood.
2. The home was built in 1973. What should I consider?
While the structure is over 50 years old, the fully finished basement adds modern living space. A pre-purchase inspection is crucial to understand the condition of major systems (roof, plumbing, electrical, foundation) common to homes of this era, and to budget for any updates.
3. How does the detached garage impact usability?
A detached garage offers flexibility for use as a workshop or project space separate from the house. The main consideration is convenience during Winnipeg winters, as you will need to go outdoors to access your vehicle from the house.
4. The lot is very large. Are there any restrictions on its use?
The size offers great potential, but you should verify zoning bylaws with the city if you have plans for significant additions, building a secondary structure, or subdividing the lot, as there may be regulations governing such changes.
5. The assessed value has risen significantly since the 2021 purchase. What does this mean?
The increase in assessed value to $503,000 reflects market trends and the city’s valuation of the property. It does not directly dictate market sale price, but it does influence annual property tax calculations, which a buyer should factor into their budget.