Property Overview: 804 Community Row, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home in the Betsworth neighbourhood, built in 1974. Its key features include a finished basement, an in-ground swimming pool, and a generous 7,091 sqft lot. With 988 sqft of living space, it offers a manageable footprint. The home’s assessed value is $403,000, and it last sold in 2016 for $335,000.
The primary appeal lies in its outdoor space and relative value within the broader Winnipeg market. The large, private lot and the rare feature of a pool create significant potential for summer leisure and entertaining right at home. The data suggests it outperforms most of Winnipeg for lot size and overall value, yet it’s positioned within a more modest range for its immediate street and community. This creates an interesting proposition: you get a property that ranks highly city-wide for key metrics while being situated in an area where it may not face the same premium pricing pressure as more uniformly top-ranked streets.
This property would suit a buyer looking for a turnkey home with exceptional outdoor amenities without the premium of a newer build. It’s ideal for those who prioritize private space for family gatherings or personal relaxation over a large interior. The manageable size and one-level layout (plus finished basement) could also appeal to downsizers or those seeking single-level living, provided pool maintenance is not a concern.
Frequently Asked Questions
1. How does the pool impact insurance and utility costs?
A private pool typically increases annual insurance premiums and adds to seasonal utility costs for pumping, heating, and chemical maintenance. It's advisable to get specific insurance quotes and budget for these ongoing expenses.
2. The home ranks highly city-wide but lower locally. What does this mean?
This often indicates the home is a strong performer on its own merits (like lot size) within a neighbourhood that has a wide variety of property types and values. It can mean better relative value compared to the whole city, while the immediate area may be more affordable.
3. Is the 1974 build year a concern?
While the home is 50 years old, its systems (roof, HVAC, plumbing, electrical) have likely been updated or will require evaluation. A thorough home inspection is crucial to understand the condition and any upcoming maintenance typical for a home of this age.
4. There's no garage. What are the parking options?
The property listing does not mention a garage. Buyers should verify driveway capacity and on-street parking regulations to ensure it meets their needs, especially during Winnipeg winters.
5. The living space is under 1,000 sqft. How livable is it with a finished basement?
The finished basement effectively doubles the usable space, providing crucial room for recreation, storage, or guests. This makes the home feel much larger than the main-floor square footage suggests, offering a flexible layout.