Property Overview
This two-storey home in Betsworth offers a well-proportioned and established family living space. Built in 1997, its key characteristics include a fully finished basement, an attached garage, and a generous 6,164 sqft lot. With 2,040 sqft of living space, it ranks within the top 10-15% of homes in Winnipeg for its size and assessed value ($623,000), indicating a property that is both spacious and highly regarded in the market.
Its appeal lies in its established neighbourhood setting and above-average metrics. The home is newer than 78% of Winnipeg houses and sits on a large lot, offering room for outdoor activities or expansion. It would suit buyers looking for a move-in ready, spacious family home in a mature area, who value the stability and space that a 29-year-old property on a sizable lot provides, rather than a brand-new build.
Frequently Asked Questions
1. What do the ranking percentages actually mean for a buyer?
They indicate the home's relative standing. For example, ranking "better than 91% of Winnipeg homes" for living area means it's notably larger than average. This can translate to better long-term value retention and desirability compared to smaller, more common properties.
2. The home is nearly 30 years old. What should I budget for maintenance?
While major structural components should be sound, key systems (like the roof, HVAC, and windows) are likely reaching or are within their typical lifespan. A thorough inspection is crucial, and budgeting for the potential updating of these items in the coming years is a prudent step.
3. How does the fully finished basement add value?
It immediately increases the usable living space, which is reflected in its high assessment ranking. This space is ideal for a family room, home office, or guest area, offering flexibility without the need for a costly renovation.
4. The lot is large. What are the advantages and responsibilities?
A 6,164 sqft lot provides excellent private outdoor space, gardening potential, and room for additions like a deck or shed. The trade-off is greater responsibility for maintenance, landscaping, and higher associated costs (like watering) compared to a smaller yard.
5. The assessed value is $623,000. Is this what I should expect to pay?
The municipal assessment is for tax purposes and reflects a value from a prior date. It's a strong market indicator, but the final sale price is determined by current market conditions, the home's specific state, and buyer competition. It serves as a useful benchmark, not a guaranteed price.