Property Summary: 719 Municipal Road, Winnipeg
Section 1: Key Characteristics & Appeal
This Betsworth home is a classic one-and-a-half storey property built in 1948, sitting on an exceptionally large, mature lot of nearly 18,000 square feet. Its key appeal lies in this rare combination of a spacious, established property within the city. The home itself offers 1,431 sqft of living space with a finished basement and a detached garage.
The property’s standout feature is its land. The lot size ranks in the top 2-4% of the local area, offering immense privacy, space for gardens, recreation, or future expansion—a rarity for an urban setting. This makes it particularly suited to buyers who value outdoor space over a brand-new build, such as growing families, gardening enthusiasts, or those seeking a peaceful retreat. The home’s rankings suggest it is a solid, average-sized dwelling on a truly superior piece of land. It would suit a practical buyer who sees the long-term value in the property’s footprint and is comfortable with the character and maintenance considerations of a home from the late 1940s. The appeal is less about a modern, turn-key interior and more about the enduring value of land and potential.
Section 2: Frequently Asked Questions
1. What does the age of the home (1948) mean for maintenance?
Prospective buyers should budget for and inspect age-related systems, such as the roof, plumbing, electrical, and insulation, which may be original or updated at various times. The charm of an older home comes with a responsibility for diligent upkeep.
2. The lot is large, but are there any restrictions on its use?
It’s essential to verify zoning bylaws with the city to understand what is permitted. While the space is excellent for gardening and play, there may be regulations regarding secondary suites, outbuildings, or lot subdivisions.
3. How does the "finished basement" affect the living space?
The finish likely adds functional space, but it’s important to clarify the quality, ceiling height, and whether it includes a proper egress. In homes of this era, basements often have a utility-focused layout rather than an open-concept living area.
4. The assessment value is noted, but how does it relate to the likely selling price?
The municipal assessment is for tax purposes and is often lower than market value. The selling price will be determined by current market conditions, the home’s specific updates, and the high desirability of the lot size.
5. What is the neighbourhood character and convenience like?
Betsworth is an established area. Buyers should explore the street and nearby amenities to gauge factors like traffic, proximity to schools, shopping, and transit, which complement the private setting of this specific property.