Property Overview & Key Characteristics
This 1976-built, one-storey home on a large 7,206 sqft lot in Betsworth offers a practical and spacious foundation. Its key appeal lies in the combination of a generous, private yard and a fully finished basement, which effectively doubles the usable living space beyond the 1,176 sqft main floor. The property shows strong relative value in its immediate area, ranking highly for lot size, age, and assessed value on its street. It’s a classic, no-frills Winnipeg home that prioritizes functional space over modern finishes.
The home would suit a first-time buyer looking for a move-in-ready property with ample room to grow, or a downsizer seeking single-level living without sacrificing yard space or storage. Its above-average rankings for lot size and value across the wider city suggest it’s a competitively positioned asset for a long-term holder. A less obvious perspective is that a home of this era on such a large lot may offer simpler renovation opportunities or potential for expansion (subject to bylaws) compared to newer, more densely packed subdivisions.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on the same street, in Betsworth, and across all of Winnipeg. For example, ranking in the "top 15%" for lot size city-wide means 85% of Winnipeg properties have a smaller lot, highlighting this as a key feature.
2. Is a 50-year-old home a concern?
While systems like roof, windows, and plumbing may be at or beyond their typical lifespan, the home ranks newer than 93% of houses on its street. This suggests the neighbourhood is well-established, and the property's condition may be relative to the area. A thorough inspection is always advised.
3. How does the finished basement affect living space?
The finished basement significantly increases the home’s functional area, providing crucial extra rooms for family, hobbies, or storage. It makes the home feel much larger than the main floor square footage alone indicates.
4. Who is the typical buyer in this area?
Betsworth attracts a mix of long-term residents and young families. With this home’s single-level layout and large yard, it would particularly appeal to those seeking ground-floor living or outdoor space for children and pets, without a high-maintenance property.
5. Does the high assessment value mean high property taxes?
Not necessarily. The assessed value is used to determine your share of the total municipal tax burden. While a higher assessment can lead to higher taxes, what matters more is how this assessment compares to similar sold properties (its market value). The home’s assessment ranks moderately within the community, suggesting it is in line with area norms.