Property Overview: 655 Community Row, Winnipeg
Key Characteristics & Appeal
This is a spacious, well-maintained bungalow built in 2004, situated on a large, nearly 10,000 sqft lot in the Betsworth area. Its key appeal lies in offering modern, single-level living combined with significant space and a strong position within the broader market. With 1,740 sqft of living space, an unfinished basement offering potential for customization, and an attached garage, it provides a practical and comfortable layout for everyday life.
The property’s standout feature is its consistently high percentile rankings across key metrics. It ranks in the top tier for its lot size, living area, and assessed value not just on its street, but within the wider Winnipeg area—placing it ahead of over 80-90% of comparable homes in many categories. This suggests a property that is both above average in its offerings and a historically solid investment within its community. Its 2004 build year is also notably newer than most homes in the vicinity, offering modern construction without the premium of a brand-new build.
This home would ideally suit buyers looking for move-in-ready, single-storey living with room to grow, whether that’s in the unfinished basement or on the expansive lot. It appeals to downsizers seeking space without stairs, or to families valuing practical layout and a established neighbourhood. The strong comparative rankings make it a compelling option for value-conscious buyers seeking a property that stands out in its peer group for space, modernity, and assessed value.
Frequently Asked Questions
1. What does the "percentile ranking" data mean?
It shows how this property compares to others. For example, ranking in the "top 7%" in Winnipeg for lot size means 93% of homes in the city have a smaller lot. It's a quick way to see the home's competitive strengths.
2. Is the unfinished basement a drawback or an opportunity?
It depends on the buyer. It means immediate lower property taxes compared to a finished space, and it offers a blank canvas to create exactly what you need—a rec room, extra bedrooms, or a workshop—without having to undo someone else's work.
3. The home is 22 years old. What should I consider?
While newer than most in the area, a 2004 build means major components like the roof, HVAC system, and appliances are likely entering or are in their typical replacement window. A thorough inspection is advised to assess their remaining lifespan.
4. Who might this property not suit?
Buyers seeking a turn-key home with a fully developed basement for immediate use, or those who prefer a more compact, low-maintenance yard might find the unfinished space and large lot more of a responsibility than an asset.
5. How should I interpret the high assessment value ranking?
It indicates the municipal property assessment is higher than most, which generally reflects desirable characteristics. However, it doesn't directly set the market price. It’s a useful data point for understanding its standing, but the sale price will be determined by current market conditions.