Property Summary: 23 Harrogate Bay, Winnipeg
Key Characteristics & Appeal
This is a spacious, well-established two-storey home in the Betsworth neighbourhood, built in 2000. Its primary appeal lies in its generous proportions and strong relative standing within its immediate area. With nearly 2,500 sqft of living space, it ranks within the top 6% of homes on its street and top 3% within the broader community for size, offering ample room for a growing or multi-generational family. The property sits on a large, approximately 5,500 sqft lot with an attached garage.
The home’s value proposition is underscored by its municipal assessment of $625,000, which ranks higher than 94% of all Winnipeg homes, suggesting solid inherent value. While the basement is unfinished—presenting a customization opportunity or storage space—the home itself is not a fixer-upper, being a relatively modern build that is newer than 80% of Winnipeg's housing stock. This property would best suit buyers looking for move-in-ready space without the premium of a brand-new build, who appreciate a mature neighbourhood setting and see potential in utilizing or finishing the basement to further increase living space.
Frequently Asked Questions
1. What does the "relative ranking" data mean?
The rankings compare this home against others on its street, in Betsworth, and across all of Winnipeg for specific metrics like size, age, and assessed value. For example, ranking in the "top 6%" for size on its street means it is larger than 94% of its immediate neighbours, indicating it's a standout property in its local context.
2. Is the unfinished basement a drawback?
Not necessarily. For many buyers, it's a blank canvas. It provides abundant storage or the opportunity to create additional living space (like a rec room, home gym, or suite) tailored to your needs, without paying a premium for a finished area you might want to renovate anyway.
3. The home is 24 years old. What should I consider?
While newer than most Winnipeg homes, a 2000 build means core components (like the roof, major appliances, HVAC, and windows) may be nearing or have reached their typical lifespan. A thorough inspection is advised to understand the condition and plan for any upcoming maintenance or updates.
4. Who is the ideal buyer for this property?
This home is an excellent fit for families or multi-generational households needing substantial interior space and a large yard. It also suits value-conscious buyers who want a home with a strong assessment basis and the ability to add value through a basement finish, rather than purchasing a fully maximized property at a higher price point.
5. How does the assessment value relate to the likely selling price?
The municipal assessment of $625,000 is used for property tax calculation and is not a market valuation. However, ranking higher than 94% of Winnipeg homes for assessed value is a strong indicator of its substantial worth and perceived value by the city assessor, which often correlates with market price. The final sale price will be determined by current market conditions.