Property Overview
This Betsworth neighborhood home presents a compelling opportunity centered on space and value. Its primary appeal lies in the generous 10,249 sqft lot, which ranks within the top 6% of all properties in Winnipeg for size. The home itself is a modest 1,103 sqft, one-storey bungalow with a finished basement, built in 1970. Recent market activity is positive, with a sale in late 2023 at $387,000, closely aligning with its current assessed value.
The property is best suited for buyers who prioritize land over a large interior footprint. It’s ideal for someone looking for room to garden, play, or potentially expand in the future, without the premium of a newer or much larger house. The finished basement adds practical living space, making it a fit for small families, downsizers, or investors seeking a property with strong land value in a mature neighborhood. A thoughtful perspective is its relative age ranking: while the home is older than most in its immediate community, it is newer than over half the houses city-wide, suggesting it sits in an established, stable area.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg. For example, being newer than 48% of Winnipeg homes but only 18% in its own community indicates the immediate area has many well-kept, newer properties, providing context for the neighborhood's character.
2. Is the 2023 sale price a reliable indicator of current value?
The sale at $387,000, just above the current assessment, is a strong, recent market benchmark. It suggests stable value in the area, but as with any sale, conditions and motivations at that time should be considered alongside a professional appraisal.
3. What are the advantages of such a large lot?
Beyond privacy and outdoor space, a lot of this size (over 1/4 acre) is a scarce commodity in the city. It offers long-term flexibility for additions, landscaping projects, or simply enjoying expansive green space that is increasingly hard to find.
4. Who might the "split" garage suit?
A split garage (often two separate single bays) is common for older bungalows. It provides covered parking for two vehicles but may limit storage for larger items like a boat or RV. It suits typical family vehicles and offers potential workshop space in one bay.
5. How significant is the home's age?
Built in 1970, key systems like roof, windows, plumbing, and electrical may be at or beyond their typical service life. A thorough inspection is crucial to understand any upcoming maintenance or renovation needs, which should be factored into the investment.