Property Overview & Key Characteristics
This 1969-built, one-storey bungalow at 723 Community Row offers a practical and spacious family footprint in the Betsworth neighbourhood. Its key appeal lies in its generous, 8,402 sqft lot—a standout feature that ranks within the top 10% of all properties in Winnipeg for size. The home itself features 1,060 sqft of living space with a finished basement and a detached garage. While the interior and systems reflect its era, the property’s value is anchored in its substantial land, presenting a classic "good bones" opportunity.
The home would suit a buyer looking for a long-term family home with ample outdoor space for gardening, play, or future expansion. It’s also a solid match for a pragmatic purchaser who values a larger property footprint over a recently renovated interior and is comfortable with a home that may require updates over time. A less obvious perspective is its appeal to those seeking stability; its assessed value is near the city median, suggesting it’s not over-leveraged in a hot market segment, which can be a point of comfort.
Frequently Asked Questions
1. How does the age of the home (57 years) impact a purchase?
While the home ranks as newer than 47% of Winnipeg houses, key systems like plumbing, electrical, and the roof will likely be at or beyond their typical lifespan. A thorough inspection is essential to budget for potential updates, but the solid lot and layout offer a strong foundation.
2. The lot is large, but the living space is modest. Can the home be expanded?
The expansive lot is the property's greatest asset and does provide clear potential for additions, a large workshop, or landscaping projects. Any expansion would require checking current zoning bylaws and obtaining the necessary permits.
3. The rankings show the home outperforms in lot size but lags in interior space and assessed value within its community. What does this mean?
This pattern suggests you are primarily purchasing the land. The property offers more outdoor space than most in the city, but the house itself is more typical or slightly below average for the immediate neighbourhood in terms of size and finish, which is reflected in its assessment.
4. What is the neighbourhood like?
Betsworth is an established, mature community. The rankings indicate this specific street has a mix of property sizes and ages, offering a varied streetscape. Its high city-wide land ranking suggests a quieter, more spacious setting compared to newer, denser subdivisions.
5. Is the finished basement included in the 1,060 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-grade square footage. The finished basement is an additional bonus space, adding functional rooms like a rec room or extra bedrooms, but it is not counted in the official living area figure.