Property Overview
This 1970-built bungalow at 768 Municipal Road offers a classic and practical living arrangement on a notably large, 11,753 sqft lot in Betsworth. Its key appeal lies in the combination of a fully finished basement, single-level living, and an expansive private yard that provides significant space and potential. The property consistently ranks highly within its community and across Winnipeg for its above-average lot size and assessed value, suggesting a solid, established presence in the area.
It is ideally suited for first-time buyers or downsizers seeking the ease of a bungalow layout with immediate move-in readiness, thanks to the finished basement adding valuable living space. The generous lot will also attract buyers with green thumbs, those desiring ample outdoor room for children or pets, or anyone viewing the land itself as a long-term asset with potential for gardening, expansion, or simply enjoying private space in the city.
Key Details & Questions
- Key Characteristics: 1,424 sqft bungalow with a fully finished basement and an attached garage. The standout feature is the large, 11,753 sqft lot.
- Primary Appeal: A turnkey home with single-level living, extra finished space below, and exceptional outdoor space on a property that ranks in the top tiers of the neighborhood for lot size and value.
- Ideal Buyer: Perfect for those seeking low-maintenance living (like first-time buyers or downsizers) or anyone prioritizing a large, private yard over a larger house footprint.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show this property is highly competitive for its lot size and assessed value within its broader area, placing it in the top 15% of the neighborhood and top 4% city-wide for land. This indicates a premium, sizable parcel. Note that the house itself, while spacious enough for a bungalow, is newer than only about 18% of homes in the immediate community.
2. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income, as finishing does not automatically equate to a permitted suite.
3. What are the implications of a 1970 build year?
Homes from this era often have solid construction but may have original components, like windows, roofing, or the heating system, nearing or due for updates. A thorough inspection is advised to budget for potential modernizations.
4. How might the large lot affect costs and upkeep?
While offering great space, a lot of this size means higher municipal taxes (reflected in the assessment) and requires more time or expense for landscaping, lawn care, and snow clearing compared to a standard city lot.
5. Why is the assessed value a useful metric here?
The assessment ($450,000) places this home in the top 25% of its street and top 26% city-wide for value, which often correlates with desirable location, lot characteristics, or property condition. It serves as a strong baseline for the property's municipal valuation, though market value can differ.