Property Overview: 764 Municipal Road, Winnipeg
Key Characteristics & Appeal
This is a well-situated bi-level home on a notably large, mature lot in Betsworth. Its primary appeal lies in the exceptional 11,916 sqft property, which places it in the top tier for land size within the wider Winnipeg area. The home itself, built in 1970, features a finished basement and an attached garage. While the living space (918 sqft) is modest, the property's value is anchored by its expansive outdoor potential and established neighborhood setting.
The home suits practical buyers looking for space and value over turn-key modern finishes. It's ideal for someone who prioritizes a huge yard for gardening, recreation, or future expansion over a large interior footprint. The strong rankings for lot size against both the neighborhood and city suggest a rare opportunity to secure a substantial piece of land. It would particularly appeal to a handy buyer or one comfortable with gradual updates, as the home's interior rankings indicate it is a functional, no-frills space ready for personalization.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show how this property compares to others in specific categories. For example, its lot size is in the top 4% city-wide, which is exceptional. Conversely, its living area is more compact than most, and the building age is older than about half the homes in Winnipeg. This highlights a trade-off: premier land size with a modest, older home.
2. Is the finished basement included in the 918 sqft living area?
Typically, the listed "living area" (918 sqft) refers to above-grade, finished space. The finished basement adds additional usable square footage but is often not counted in the official living area figure, which explains the home's functional space being greater than the ranking suggests.
3. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size (over a quarter-acre) may offer flexibility for additions like a large shed, workshop, or even a future secondary dwelling, subject to zoning bylaws. It also likely means higher maintenance (lawn care, gardening) but provides a rare sense of openness in the city.
4. The assessment value is $416,000. Is that the sale price?
No. The assessed value is for municipal tax purposes. The sale price is set by the seller and the market, and can be higher or lower than the assessment based on demand, condition, and recent comparable sales.
5. As a bi-level, what should I expect for the layout?
A bi-level typically has a short staircase leading both up to the main living areas and down to the lower level. This design often creates a clear separation between living/sleeping areas and the finished basement space, which can be ideal for a rec room, home office, or separate entry.