Property Overview
This two-storey home at 27 Haddington Bay offers a compelling mix of space and value in the Betsworth neighborhood. Built in 1984, its key characteristic is its generous 2,497 sqft of living area, which ranks in the top 3% of homes in both its community and Winnipeg, providing exceptional interior space for the price point. The property sits on a large 6,771 sqft lot and includes an attached garage. The basement is present but unfinished, representing both a project and an opportunity for future expansion.
Its appeal lies in its proven value, having recently sold for $583,000—above its assessed value—indicating strong market demand. The home suits buyers looking for a well-sized family home in a mature neighborhood who appreciate having room to grow. It’s particularly suitable for those who don’t mind a home with some dated elements from the 1980s but see potential in personalizing the space, especially the basement. A thoughtful perspective is that while the home ranks highly for size, its age and features may require updating, making it ideal for a buyer who values square footage over turn-key condition and is planning for the long term.
Frequently Asked Questions
Q: How does the recent sale price compare to the home's assessed value?
A: The home sold for $583,000 in August 2024, which is approximately $58,000 above its current assessed value of $525,000. This suggests the market values the property's space and location highly.
Q: What does the "unfinished basement" entail?
A: The basement is included in the home's footprint but is not developed into living space. It presents a blank canvas for future renovation, adding potential value and customization for the new owner.
Q: The home was built in 1984. What should I consider regarding its age?
A: As a 40-year-old home, prospective buyers should budget for potential updates to major systems like roofing, windows, or the furnace. An inspection is crucial. On the positive side, it ranks newer than 79% of homes in its community.
Q: How does the property size compare to others in the area?
A: The living space is a standout feature. At 2,497 sqft, it is larger than 97% of homes in both the Betsworth community and the entire city of Winnipeg, offering rare interior space for the neighborhood.
Q: Are there any immediate concerns shown by the property rankings?
A: The rankings show some variance. While the home excels in size, its value ranking within its own small street is lower (top 86%). This isn't uncommon for an older home on a street with newer or recently renovated properties and often reflects the original condition rather than a fundamental issue.