Property Summary: 575 Municipal Road
Key Characteristics & Appeal
This two-storey home, built in 2018, offers modern living with a renovated basement on a generous 7,401 sqft lot in Betsworth. Its key appeal lies in its balance of contemporary build quality and established neighbourhood charm. The home ranks highly for its newness (top 5% in Winnipeg), lot size, and living space within its immediate area, suggesting it's a notably modern property on a street with older homes. The attached garage and updated basement add practical, move-in-ready appeal.
This property would suit buyers looking for a modern home without the wait of new construction, particularly those who value larger outdoor space. It’s an ideal fit for growing families or professionals seeking a low-maintenance, recently built house in a settled community. A thoughtful perspective is its potential as a long-term hold in a street that appears to be transitioning, given its standout age and assessed value rankings among nearby properties.
Frequently Asked Questions
1. What does the assessed value ranking indicate?
The assessed value is in the top 5% for Winnipeg and top 4% on its street, indicating the municipality views it as a high-value property relative to its surroundings, which can be a positive signal for future value stability.
2. How significant is the lot size?
At 7,401 sqft, the lot is well above average for the street (top 9%), offering ample private outdoor space—a valuable asset in a newer home that is often sacrificed in modern subdivisions.
3. The home sold in 2019; what might that mean?
It was purchased new in 2019 for $52k and is now assessed at $64.5k. This suggests solid appreciation, but a buyer should investigate recent market conditions and any major improvements made since that sale for full context.
4. Are the high rankings always positive?
While generally positive, ranking as a much newer and higher-valued home on a street can sometimes mean the property is at the upper limit of the area’s current price range. This underscores the importance of understanding neighbourhood trends.
5. What is the neighbourhood character like?
The high rankings for lot size and building newness on the street suggest the home may be situated among older, perhaps more varied properties. This offers a blend of modern living in a mature, possibly quieter setting with established trees and gardens.