Property Summary: 617 Municipal Road
Key Characteristics & Appeal
This is a well-situated, one-storey bungalow on a large, approximately 1/4-acre lot in Betsworth. Its primary appeal lies in the combination of generous outdoor space and a practical, move-in-ready layout. The home features a fully finished basement, adding valuable living area to the 1,180 sqft main floor, and includes the convenience of an attached garage.
The property’s standout strength is its land. With over 11,400 sqft, the lot size ranks in the top 4% of all Winnipeg, offering exceptional room for gardening, play, or future expansion. This is contrasted by the home’s 1960 build date, which places it among the older homes in its immediate area. The appeal here is for a buyer who values established neighborhoods and spacious grounds over a newer build, and who sees potential in the existing footprint and finished basement.
This home would suit first-time buyers or downsizers looking for single-level living without sacrificing yard space, or an investor/owner who appreciates the long-term value of a large lot in the city. The rankings suggest it’s a property that competes more on its land and livable condition than on modern finishes or size, offering a grounded opportunity in the market.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Betsworth, and across all of Winnipeg. For example, its lot size is in the top 4% city-wide, which is exceptional. However, its age is older than most in the neighborhood. It’s a tool to see where the property excels or is more typical relative to its peers.
2. Is the finished basement included in the 1,180 sqft living area?
No, the listed 1,180 sqft refers to the main living area of the one-storey bungalow. The fully finished basement is additional space, which significantly increases the total usable square footage of the home.
3. The assessed value seems lower than expected; is that a concern?
The municipal assessment is for tax purposes and can differ from market value. Its ranking shows it’s assessed lower than many area homes, which may indicate a lower tax burden. A current market evaluation would determine its true selling price.
4. What are the implications of a 1960 build date?
While the home is older, it has been maintained to offer a finished basement and livable space. Buyers should budget for updates typical of a home of this age (e.g., roof, windows, mechanical systems) and consider a thorough inspection. The trade-off is often character and location for potential maintenance.
5. How does the large lot add value beyond just space?
Beyond privacy and room for activities, a lot of this size (top 4% in Winnipeg) is a scarce commodity. It provides options for adding a deck, shed, or even a future addition (subject to zoning), and typically holds its value well due to the irreplaceable land component.