Property Overview: 15 Speyside Avenue, Winnipeg
Key Characteristics & Appeal
This 1976-built, single-storey home in Betsworth sits on a large, 7,204 sqft lot, offering more outdoor space than most Winnipeg properties. With 1,190 sqft of living space and a finished basement, it provides practical, single-level living. Its standout appeal lies in its strong position within the market: the lot size ranks in the top 15% city-wide, and the home's age is newer than 93% of houses on its street, suggesting a well-established neighbourhood with mature surroundings. The recent 2023 sale provides clear, current market context for buyers.
This property would suit first-time buyers or downsizers looking for a manageable, no-stairs layout on a generous lot with room for gardening or expansion. It also appeals to the value-conscious buyer who prioritizes land size and established community character over a modern build, and who can see potential in a home that may benefit from personal updates.
Frequently Asked Questions
1. How does the 2023 sale price relate to the current assessed value?
The home sold for $350,000 in May 2023, which is slightly below the current city assessment of $358,000. This close alignment suggests the assessment is grounded in recent market activity.
2. What does the lot size ranking actually mean for me?
Ranking in the top 15% in Winnipeg for lot size means you are getting significantly more land than the typical city property. This is a permanent advantage offering more privacy, outdoor space, and potential than most homes on the market.
3. The home is older—should I be concerned about major systems?
While the build year is 1976, key components like the roof, furnace, and windows may have been updated over the decades. A thorough home inspection would be essential to determine the condition and age of these major systems.
4. The community rankings for value and size are mid-range. What does that indicate?
This suggests the home is typical for the Betsworth area in terms of size and perceived value. It’s not an outlier, meaning it should fit comfortably within the community's norms for pricing and appeal, which can be a stable investment position.
5. There's no garage. Is adding one feasible?
The large lot certainly provides the physical space to consider adding a garage or carport in the future. You would need to investigate City of Winnipeg zoning bylaws, setback requirements, and associated costs.