Property Overview
This two-storey home on a large, 6,055 sqft lot in Betsworth presents a solid, move-in-ready opportunity. Built in 1991, its key appeal lies in a combination of above-average space and a well-established neighbourhood setting. With 1,899 sqft of living space and a finished basement, it offers practical room for a family. The data suggests it outperforms most Winnipeg homes in terms of size, recent sale value, and relative newness for its area. Its 2022 sale price of $650,000 significantly exceeds the current assessed value, indicating a previously strong market perception.
The property would suit buyers looking for a grounded, no-fuss family home in a mature neighbourhood, who value interior space and a sizable yard over brand-new condition. A thoughtful perspective is that while the home ranks highly for its size city-wide, it's more average within its own immediate street, offering a blend of community consistency without standing out as an outlier. Its consistent rankings in the top tiers for both value and size within the broader community suggest a reliable, competitive asset in its price bracket.
Frequently Asked Questions
1. How does the 2022 sale price relate to today's asking price?
The home sold for $650,000 in February 2022. The current assessed value is $575,000. This difference will be a key factor in the seller's pricing strategy and buyer negotiations, reflecting market changes over the past two years.
2. Is the house recently renovated, or is it in original 1991 condition?
The listing confirms a finished basement but does not specify other updates. Given the home's age, buyers should anticipate potential updates to elements like kitchens, bathrooms, flooring, and mechanical systems, and should inquire about the renovation history.
3. What do the "rankings" actually mean for this property?
They show how this home compares to others in three areas: its street, its community (Betsworth), and all of Winnipeg. For example, ranking in the top 29% city-wide for size means it's larger than most Winnipeg homes. However, being newer than 90% of homes in Betsworth is an even stronger local advantage.
4. Why did the home sell twice in such a short period (2021 and 2022)?
The sale history shows a quick resale, with a significant price increase from $390,000 in October 2021 to $650,000 in February 2022. This typically indicates a flip or a rapid change in ownership strategy, not a problem with the property itself. It's wise to ask what work was done between those sales.
5. Are there any obvious drawbacks based on this data?
The data points to two considerations: there is no swimming pool, which may matter to some buyers, and the home ranks only in the middle of its own street for assessed value, suggesting the street may have a mix of higher and lower-valued properties. The lot size, however, is a clear positive.