Property Summary: 567 Community Row, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic, well-maintained one-storey bungalow built in 1947, situated on an exceptionally large, mature lot of nearly 15,000 sqft in the Betsworth area. Its key appeal lies in this rare combination of a generous, private outdoor space with a solid and functional living layout. The home features a finished basement and a detached garage.
The property’s standout strength is its land. The lot size ranks in the top 2% of all Winnipeg properties, offering immense potential for gardening, recreation, or future expansion. This is contrasted by a modest, efficiently designed living space of 931 sqft, which suits those looking for manageable upkeep without sacrificing outdoor privacy.
This home would best suit practical buyers who value land over sheer interior square footage. It’s ideal for downsizers seeking a single-level layout with a spectacular yard, or for hands-on owners who see the long-term value in a large lot within the city. The strong rankings within its immediate community (top 7% for lot size) suggest it’s a standout property on a street of varied homes, offering a sense of space that is increasingly hard to find.
Section 2: Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond privacy and space, a lot of this size (top 2% in Winnipeg) is a long-term asset. It provides options not available with standard lots, from adding a substantial workshop or garage to creating extensive landscaped gardens. It’s a feature that fundamentally cannot be replicated in newer subdivisions.
2. How does the 1947 build year affect the home?
While the build year places it in the older segment of homes, this often means solid construction and established neighborhoods. Buyers should budget for age-appropriate maintenance and potential updates to mechanical systems, but can also appreciate the character and mature tree canopy that comes with a home of this era.
3. The living area is modest. How functional is the layout?
The 931 sqft main floor, combined with a finished basement, provides essential living spaces without excess. This efficient footprint can mean lower utility costs and less time spent on cleaning and maintenance, making the home’s overall livability quite high for individuals, couples, or small families.
4. Why did the 2021 sale price exceed the current assessed value?
The assessed value is for municipal taxation purposes and can lag behind market trends. The 2021 sale price of $371,000 reflects what a buyer was willing to pay in the active market at that time, which is often a more current indicator of a property’s market value than its assessment.
5. What is the neighborhood like, given the varied rankings?
The data shows the home itself is a top-tier property within its community (top 7% for lot size), but the street and immediate area contain a mix of home sizes, ages, and values. This suggests a stable, established neighborhood without uniform conformity, which can be appealing for those seeking individuality and more varied community character.