Property Overview: 822 Community Row, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained 1981 bungalow in Betsworth offers a practical and spacious family layout on a large, 7,198 sqft lot. Its key characteristics include a fully finished basement, an attached garage, and 1,265 sqft of living space. The appeal lies in its established neighbourhood setting and its strong relative value within Winnipeg. The data indicates it outperforms a significant majority of city homes in assessed value and lot size, suggesting a solid investment in a mature area. It ranks even more highly for its newer build year within its immediate street and community.
This home would suit first-time buyers or downsizers looking for a manageable single-story layout without sacrificing yard space. It’s also a practical choice for value-oriented buyers who prioritize a move-in ready property with a finished basement for extra flexibility, over newer construction or luxury finishes. A less obvious perspective is that homes from this era often feature larger room sizes and more robust construction than some newer builds, offering a sense of solidity.
Section 2: Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area. For example, its lot size ranks in the top 15% city-wide, meaning it’s larger than 85% of Winnipeg properties. Its newer build year ranking (top 11%) on its street is a notable standout for the area.
2. Is the finished basement included in the 1,265 sqft living area?
Typically, the listed living area refers to above-grade square footage. The fully finished basement is an additional space, adding significant functional room to the property.
3. What is the neighbourhood of Betsworth like?
As an established community, it offers mature landscaping and settled streetscapes. The high lot-size ranking suggests a neighbourhood with spacious properties, providing more privacy and outdoor space than newer subdivisions.
4. Are there any concerns with a 45-year-old home?
While the structure is sound and the home ranks as relatively newer for its street, a buyer should always invest in a thorough inspection. This will verify the condition of major systems like roof, plumbing, and wiring, which may be original or have been updated over time.
5. How does the assessment value relate to the listing price?
The assessment value ($431,000) is used for municipal tax calculation and is one data point in market evaluation. The listing price will be set based on current market conditions, recent comparable sales, and the seller’s strategy, and may differ from the assessed value.