Property Overview: 698 Community Row, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Betsworth bungalow presents a classic and practical home on a large, mature lot. Its key characteristics include a fully finished basement, a spacious 1,154 sqft of living space, and a generous 8,372 sqft property—a lot size that ranks in the top 10% across Winnipeg, offering significant outdoor potential. Built in 1972, the home is established within a settled community.
The primary appeal lies in its balance of space, location, and value. The large lot is a standout feature for gardening, recreation, or future expansion. Its rankings indicate it is a competitively sized property in a desirable city-wide context, while presenting as a more affordable option within its immediate neighborhood. The fully finished basement adds immediate functional living space.
This property would suit first-time buyers or downsizers seeking a manageable single-story layout without sacrificing yard space. It’s also a practical choice for value-oriented buyers who prioritize land size and see potential in a solid, older home that may benefit from personal updates over time. It appeals to those who prefer a quiet, established community over a newer subdivision.
Section 2: Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg for metrics like lot size, age, and assessed value. They show, for instance, that while the home is older than many in the city, its lot size is exceptionally large compared to most Winnipeg properties.
2. Is the large lot a benefit for future expansion?
Potentially, yes. A lot of this size (over 8,300 sqft) in an established neighborhood provides rare flexibility. Subject to local zoning and permit approvals, it could allow for additions like a garage, a larger deck, or even a secondary suite.
3. The home is older; what should I budget for maintenance?
As a home built in 1972, proactive maintenance is key. A thorough inspection is essential to assess the condition of major aging components like the roof, windows, plumbing, and electrical systems, which may need updating or repair.
4. How does the assessed value relate to the likely selling price?
The municipal assessment of $348,000 is for tax purposes and is not a market appraisal. The selling price will be determined by current market conditions, the home’s specific state, and buyer demand. Its assessment ranks near the median for Winnipeg, suggesting it is not a premium-priced property.
5. There’s no garage; is adding one feasible?
The substantial lot size certainly makes adding a detached garage or carport a realistic possibility, again subject to municipal bylaws and setback requirements. This is a key project for a buyer requiring vehicle storage or workshop space.