Property Overview & Key Characteristics
This 1981-built bungalow at 3 The Bridle Path offers a compelling blend of space, location, and established value. Its primary appeal lies in its generous 8,335 sqft lot, which is larger than over 90% of properties in Winnipeg, providing exceptional outdoor space and privacy in a mature setting. The home itself is a manageable 1,371 sqft one-storey layout with a finished basement, ideal for easy living or downsizing without sacrificing room. Key data points highlight its strong position: it ranks in the top 10% of the city for lot size and top 26% for assessed value, suggesting a well-regarded property relative to the market.
The home suits practical buyers looking for a solid, low-maintenance footprint on a premium lot. It’s an excellent match for empty-nesters seeking single-level living with ample garden space, or for a small family valuing a large yard in a settled neighbourhood. A less obvious perspective is its potential as a long-term hold; the combination of a large lot in an established area and a functionally sound house presents a stable asset with room for future updates tailored to an owner's taste, rather than requiring immediate major investment.
Frequently Asked Questions
1. What is the neighbourhood like?
Betsworth is a mature, established community. The property's rankings show it outperforms 63% of homes in its immediate community for lot size, indicating it's in a well-regarded, stable area with larger properties.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
3. How updated are the major systems?
Given the home's age (45 years), prudent buyers will want to investigate the age and condition of major components like the roof, windows, furnace, and plumbing during an inspection.
4. What does the high lot size ranking practically mean?
Ranking in the top 10% city-wide for lot size means exceptional outdoor space for gardens, recreation, or expansion. It's a key driver of the property's value and future appeal.
5. Why is the assessed value higher than the city average ranking?
The assessment ($450,000) ranks higher (top 26% in Winnipeg) than the home's size ranking (top 35%). This often reflects the added value contributed by the premium lot size and the desirability of the specific location.