Property Overview: 726 Community Row, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-established, single-story home in Betsworth, built in 1971 on a generous, mature lot. Its key features include a fully finished basement and just over 1,000 square feet of living space. The property’s standout characteristic is its land: at approximately 7,200 sqft, the lot size is notably larger than most in Winnipeg, ranking in the top 15% city-wide. This offers significant outdoor space and potential.
The appeal here is grounded in space, value, and established community. The large lot is a rare find for the price point, providing room for gardening, play, or future expansion. The home suits practical buyers looking for a solid entry into the market or downsizers seeking single-level living without sacrificing yard space. It’s ideal for those who value a quiet, mature neighbourhood over brand-new finishes and see potential in a property’s foundational assets—like land and location—rather than requiring a turn-key home. The rankings suggest it’s a property with competitive lot size but modest in assessed value for its area, indicating a potential value opportunity for a buyer willing to invest in updates over time.
Section 2: Frequently Asked Questions
1. What does the "finished basement" entail?
The listing confirms the basement is finished, adding to the home’s usable living space. We recommend a viewing to assess the finish quality, ceiling height, and whether it includes a proper bathroom or legal egress.
2. The house ranks low on assessed value for the street and community. What does this mean?
This indicates the municipal assessment is relatively low compared to nearby homes. This can be positive for property taxes, but it may also reflect the home’s condition or features relative to neighbours. It’s a key point for discussion with your real estate agent regarding market value versus assessed value.
3. Is the large lot a maintenance burden or an opportunity?
It can be both. The 7,197 sqft lot offers privacy and space but requires more upkeep. For a buyer with a vision—whether for landscaping, a future shed, or simply room to breathe—it’s a major asset. For those wanting minimal yard work, it’s a factor to budget for.
4. Given the age (55 years), what major systems should be checked?
A thorough inspection is crucial. Special attention should be paid to the roof, original windows, plumbing, electrical systems, and the foundation, as these are common areas where older homes may require updates or maintenance.
5. There’s no garage. What are the parking options?
The property does not include a garage. Buyers should verify the driveway capacity and on-street parking regulations during a visit to ensure it meets their needs, especially during Winnipeg winters.