Property Overview & Key Characteristics
This 1973-built, single-storey home in Betsworth sits on a generous 8,052 sqft lot, offering a solid foundation for a family or long-term owner. Its primary appeal lies in its established, spacious setting and functional layout. With 1,262 sqft of living space, an unfinished basement, and a detached garage, it presents a classic canvas for customization. The property's standout feature is its large lot size, which ranks in the top 11% across Winnipeg, providing exceptional outdoor space potential that is increasingly rare.
The home would suit a practical buyer looking for value in land and location over immediate turn-key finishes. It's ideal for someone comfortable with gradual updates or who prioritizes private outdoor space for gardening, recreation, or future expansion. The rankings suggest it's a competitively sized home on a premium-sized lot within its immediate area, making it a sensible choice for those seeking room to grow without moving to the city's outskirts.
Frequently Asked Questions
1. What is the true value proposition of this home?
The value is anchored in the land. You are acquiring a lot size that is well above average for Winnipeg, in an established neighbourhood. The house itself offers functional space with the opportunity to increase its value through renovations and finishing the basement.
2. How does the 1973 build year affect the property?
While not a new build, homes from this era often feature sturdy construction and straightforward floor plans. Buyers should budget for updates to major aging components (like roofing, windows, or the heating system) and consider an inspection to assess their condition, which is typical for homes of this vintage.
3. What does the "unfinished basement" entail?
It means the basement is a blank slate with rough-in for utilities. This is a significant opportunity to add living space and value according to your needs (e.g., a rec room, extra bedrooms, or a suite), but it requires a planned investment of time and money.
4. The assessment value seems lower than expected; why?
Municipal assessments for tax purposes often lag behind market values and use a specific formula. The assessment here suggests the property is viewed as modest relative to others in the city, but the market price will be determined by the desirable lot size, condition, and current buyer demand.
5. Who would this property NOT be suited for?
It may not suit buyers seeking a modern, low-maintenance home ready for immediate move-in without any projects. Those unwilling to manage potential renovations, landscape a large lot, or who prioritize a home with all contemporary finishes and an attached garage might find it less ideal.