Property Overview: 718 Community Row, Winnipeg
This one-storey home in Betsworth presents a practical opportunity in a mature neighbourhood. Its key appeal lies in the combination of a very generous, 7,197 sqft lot with a fully finished basement, offering space and potential beyond its 989 sqft main floor. Built in 1971, the home is well-situated, ranking in the top 15% of all Winnipeg properties for lot size. While the living area is modest, the finished basement effectively expands the usable space. The property suits first-time buyers looking for a manageable footprint with room to grow outdoors, or downsizers seeking a single-level layout without compromising on yard space. It also appeals to value-oriented buyers who see potential in a solid, established home on a large lot, where the land itself is a significant asset. A thoughtful perspective is that the home's rankings show it outperforms most of the city for lot size but is more average in terms of assessed value, which may indicate room for value appreciation through updates.
Frequently Asked Questions
1. What does the "fully finished basement" typically include in a home of this era?
In a 1971 home, this usually means a developed lower level with finished walls, flooring, and ceilings, often containing one or more recreational rooms, additional storage, and possibly a bathroom or utility area. It's advisable to confirm the condition and any moisture considerations.
2. How significant is the lot size ranking?
Ranking in the top 15% city-wide for lot size is a considerable advantage. It offers ample outdoor space for gardening, recreation, or future additions like a deck or shed, which is increasingly rare and valuable in mature neighbourhoods.
3. The home ranks lower for "newness" but high for lot size. What does this mean?
This highlights the property's core dynamic: you are primarily investing in the land and location. The house itself is a mature, functional dwelling that may require updates, but it sits on a large parcel that provides both immediate utility and long-term value.
4. Who is responsible for maintaining the "split garage"?
A split garage is typically a detached or side-by-side double garage. As a standalone structure on the property, its maintenance (roof, doors, structure) is the full responsibility of the homeowner, similar to the main house.
5. The assessment value ranks higher city-wide than in the community. What does this suggest?
This suggests the property is assessed as a stronger value proposition compared to the broader Winnipeg market than it is within its immediate neighbourhood. This can sometimes reflect the desirability of the specific street or the unique benefit of the large lot relative to other area homes.