Property Summary: 742 Charleswood Road
Section 1: Key Characteristics & Appeal
This 1977 bi-level home sits on a notably large, mature lot of over 15,000 sq ft in the Betsworth area of Charleswood. Its primary appeal lies in the combination of generous outdoor space and a renovated basement, offering a solid foundation for both immediate living and future potential. The home itself, with 1,415 sq ft of living space, is practical rather than extravagant, suggesting value is found in the land and the renovated lower level.
The property would suit buyers who prioritize private outdoor space for gardening, recreation, or future projects over a brand-new home. It’s a fit for those comfortable with a home of this era, who see the renovated basement as a key bonus for extra living or hobby space. The detached garage adds functional storage. Given the lot size ranks highly within Winnipeg, it also appeals to the long-term thinker who recognizes the inherent value and rarity of such a sizable parcel in the city.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The 15,258 sq ft lot is a standout feature, ranking in the top 2% for size across all of Winnipeg. It is significantly larger than the typical city lot.
2. Is the home recently updated?
The listing specifies a renovated basement, which is a completed improvement. The condition of the main living areas and systems, given the home's age, should be verified through a viewing and inspection.
3. What is the neighbourhood like?
Based on the data, this specific street ranks in the middle for metrics like lot size and year built within Charleswood. The broader Betsworth neighbourhood, however, scores very highly (top 7%) for desirability compared to other Winnipeg areas.
4. Why was the recent sold price lower than the assessed value?
The home sold for $39.3k in November 2024, below its $42.6k assessed value. This is not uncommon, as assessed value is for taxation purposes and the market sale price is determined by buyer demand, condition, and specific terms at the time of sale.
5. Are the nearby and similarly-valued properties comparable?
The listed nearby homes are close in proximity, while the ones with similar assessed value are located in different neighbourhoods across Winnipeg. This indicates the assessment is in a common municipal band, but direct comparisons for livability and value should focus on similar property types within Charleswood itself.