Property Summary: 586 Community Row, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Betsworth area, built in 1969. Its primary appeal lies in its generous, mature lot of over 16,700 square feet, which places it in the top 2% of all properties in Winnipeg for land size. This offers exceptional outdoor space for gardening, recreation, or future expansion. The home itself features 1,375 sqft of living space with a finished basement and an attached garage.
The property’s standout strength is its competitive positioning within its immediate community. It ranks in the top 5% of the Betsworth neighborhood for lot size and overall assessed value, suggesting it is a premium offering on its street. While the home’s age is average compared to the city, its spacious lot and solid assessment value provide a strong foundation of equity and potential.
This home would suit buyers looking for a quiet, established neighborhood who prioritize private outdoor space over a brand-new build. It’s ideal for someone who sees value in a property with a large, versatile yard and is comfortable with a home that may require updates over time. It represents an opportunity to own a property that is a standout in its local market based on land value.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, neighborhood, and all of Winnipeg. For example, being in the "top 2%" for lot size city-wide confirms the lot is exceptionally large, while an "average" ranking for its age suggests the home itself is typical for the area’s vintage.
2. Is the 2018 sale price relevant today?
The 2018 sale of $395,000 provides a historical benchmark. The current assessed value of $436,000 indicates market growth over that period, but the final sale price will be determined by current market conditions and the property’s presentation.
3. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size (nearly 0.4 acres) often comes with higher property taxes relative to smaller lots and may involve more maintenance. However, it also offers significant long-term potential, whether for landscaping, adding structures like a shed or workshop, or simply enjoying expansive green space.
4. The home ranks lower for age in the community. Should I be concerned?
This ranking indicates that many homes in Betsworth are newer. It doesn’t speak to the condition of this specific home, but it does suggest that prospective buyers should pay close attention to the inspection report for major systems like roof, windows, and mechanicals, which may be due for updates or replacement given the home's age.
5. Who is most likely to be interested in this property?
Given the data, this property will likely attract two main groups: first, practical buyers who value the stability and established nature of a large lot in a mature neighborhood; and second, value-oriented buyers who see the land as the primary asset and are willing to renovate or update the interior over time to create their ideal home.