782 Charleswood Road

Property Overview: 782 Charleswood Road

This two-storey home on a large, mature lot in Betsworth presents a solid opportunity for a range of buyers. Built in 1978, it offers nearly 2,000 square feet of living space and a renovated basement. The property stands out for its generous land size, which is significantly larger than most in Winnipeg, providing ample outdoor potential. Its recent sale history and assessed value suggest it has been a well-regarded home in its area.

Key Characteristics & Ideal Buyer

The primary appeal of this property lies in its space and established location. The lot is notably large (over 7,900 sq ft), ranking in the top tier for size both on its street and city-wide. This is a key asset for anyone valuing privacy, gardening, or future expansion. The home itself offers above-average living area for its immediate neighbourhood and street, meaning you get more interior space than many nearby homes. The renovated basement adds functional living or recreational space.

Its value proposition is grounded in what you get for the price relative to the area. It last sold in 2022 for well above its assessed value, indicating strong buyer competition at that time. The home suits practical buyers looking for a ready-to-live-in property with room to grow outdoors. It would particularly appeal to those who prioritize lot size over a brand-new build, and to families or individuals seeking an established community in Betsworth without the premium price of newer subdivisions. A less obvious angle is its appeal to value-conscious buyers who see the large lot as a long-term asset, potentially insulating against market shifts better than a home on a standard plot.

Frequently Asked Questions

1. How does the lot size compare to a typical property?
The lot is 7,956 sq ft, which is substantially larger than the average Winnipeg property. It ranks in the top 11% in the city for land area, offering rare outdoor space for the area.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specific details on finish quality, layout, or permits should be verified by a buyer's inspection and through direct questions to the seller or listing agent.

3. The home was built in 1978. What should I be aware of?
While the basement has been updated, a 48-year-old home will have aging core components. A thorough inspection should focus on the roof, windows, electrical, plumbing, and the foundation to understand any upcoming maintenance.

4. There's no garage. How does parking work?
The listing specifies no garage. Buyers should confirm driveway capacity and on-street parking regulations with the city to ensure it meets their needs.

5. The 2022 sale price was higher than the current assessed value. Why?
Assessed value is for municipal tax purposes and often lags behind the market. The 2022 sale price is a better indicator of what a buyer was recently willing to pay, suggesting the home has features (like the large lot and renovated space) that attract a market premium.