This 912 sqft home, built in 1978, is a compact and affordable entry point into the Betsworth neighborhood. Its primary appeal lies in its exceptional value positioning within its immediate surroundings. While modest in size and age compared to the broader Winnipeg market, it ranks in the top 1% of properties on its street and the top tier of its community for lot size, indicating a potentially more generous or better-situated parcel than most nearby. This creates a unique proposition: a home that is competitively priced at a recent sale price of $178,000, yet sits on a lot that is a standout locally.
The home would suit first-time buyers, investors, or downsizers seeking a low-maintenance footprint with a focus on location and land value over interior space. Its high percentile rankings for the street and community suggest it may offer more privacy, yard space, or a better streetscape than neighboring properties—a thoughtful advantage not immediately apparent from the square footage alone. The recent sale at the exact assessed value indicates a transparent, market-stable transaction.
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What do the high "street" and "community" rankings actually mean?
They indicate this property's lot size is larger than nearly all others on its street and in Betsworth. While the home itself is smaller than average, the land it sits on is a relative standout in the immediate area.
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Is the home in need of major updates?
Built in 1978, the property is nearly 50 years old. Buyers should budget for potential updates to major systems like roofing, plumbing, or electrical, and anticipate that interior finishes likely reflect its era.
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Why is the city-wide ranking for value much lower than the street ranking?
This highlights the difference between micro and macro markets. While the lot is a top performer on its street, the home's smaller size and older age place it in a more affordable tier compared to the entire, diverse Winnipeg housing stock.
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There's no garage or basement. What are the storage options?
With no basement or garage, storage and parking will require creative solutions. Prospective buyers should assess the property for shed potential, on-site parking, and whether the layout offers sufficient built-in storage.
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The home just sold for its assessed value. Does that mean it's a good deal?
Selling at assessed value suggests the price was fair and aligned with the municipal valuation, reducing the risk of having overpaid. It points to a stable, uncontested purchase rather than a speculative bargain.