Property Summary: 695 Municipal Road, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home on an exceptionally large, mature lot in the Betsworth area. Built in 1969, its primary appeal lies in its generous 13,319 sqft property, which places it in the top 3% of all lots in Winnipeg for size. The home itself offers 1,441 sqft of living space with a finished basement and an attached garage. While the house is of average size for its community, the land parcel is a significant standout, offering rare potential for expansion, gardening, or outdoor recreation within the city. Its high assessment value ranking suggests it is a substantial asset within its market.
The property would best suit buyers looking for a solid, no-frills home where the land is the true star. It’s ideal for those who value space and privacy over a modern build, and it could be a perfect canvas for someone with renovation or expansion plans. It also represents a stable, high-equity property for a long-term holder, given its rankings for lot size and overall value consistently outperform most of the Winnipeg market.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, wider community, and all of Winnipeg. For example, its lot size is larger than 97% of all Winnipeg properties, indicating a rare, premium-sized lot. Its building age is older than about half the city's homes, which is typical for the area.
2. Is the house outdated, given its age?
Built in 1969, the home will likely have a classic layout and may require updates depending on previous renovations. The presence of a finished basement is a positive. Buyers should budget for potential modernizations of systems like plumbing, electrical, or windows, which is common for homes of this era.
3. What can I do with such a large lot?
The lot size is the property's defining feature. It offers ample space for additions like a large deck, workshop, or even a future garage expansion. It's also ideal for extensive landscaping, gardening, or providing a very private, park-like setting for a family.
4. How does the assessment value relate to the asking price?
The municipal assessment of $459,000 is for taxation purposes and indicates the city's valuation of the property. It is a useful benchmark, but the final sale price is determined by the current market, condition of the home, and buyer demand. The fact that it ranks highly suggests a strong underlying value.
5. What is the Betsworth area like?
Betsworth is a mature Winnipeg neighbourhood. The high rankings for lot size and value within the community suggest it is an established area with desirable, substantial properties. Prospective buyers should visit at different times to get a feel for the neighbourhood's character and convenience to their daily needs.