Property Summary: 47 Carbutt Place
Key Characteristics & Appeal
This is a well-established, single-storey home in Winnipeg's Betsworth neighborhood, built in 1986. Its primary appeal lies in its generous, mature 6,603 sqft lot, offering significant outdoor space that ranks highly within the wider city. The home features a fully finished basement and an attached garage. While the living space (1,187 sqft) is modest relative to the lot size, the property presents a solid value proposition with an assessed value of $443,000, which is competitive for its offering.
The home’s standout strength is its land. Buyers seeking a large, private yard for gardening, recreation, or future expansion will find this particularly attractive. Its "blank slate" potential is a key draw. The property’s rankings reveal a thoughtful perspective: it is a newer home for its street (top 7%) and sits on a larger-than-average lot for the city (top 21%), suggesting it’s a durable, well-situated property in its immediate context. It would suit practical buyers—perhaps young families, downsizers seeking single-level living, or value-oriented investors—who prioritize land size and long-term potential over a large or modern interior footprint. The finished basement adds immediate functional living space, enhancing its livability.
Frequently Asked Questions
Q: How does the property’s age affect its condition and value?
A: Built in 1986, the home is 40 years old. While this means some systems may be due for updates, it also indicates a well-proven structure in an established area. Its ranking as newer than 93% of homes on its street is a positive sign of its relative modernity within the immediate neighborhood.
Q: The living space seems average, but the lot is large. What does this mean for me?
A: This configuration prioritizes outdoor space over indoor square footage. It’s ideal if you value a large yard, garden, or patio area. It also offers future potential, such as the possibility of an addition (subject to permits and regulations) that could better balance the home's size with its lot.
Q: What do the ranking percentages actually tell me?
A: They show how this property compares to others. For example, ranking in the "top 21%" for lot size in Winnipeg means 79% of city homes have smaller lots. It’s a strong indicator of a key competitive advantage. Conversely, its average ranking for living space (top 49%) confirms the interior size is typical for the market.
Q: Is the assessed value a reliable indicator of the selling price?
A: The assessed value ($443,000) is for municipal tax purposes and is a useful benchmark, but market conditions, recent upgrades, and buyer demand ultimately determine the sale price. It ranks higher in value than 73% of Winnipeg homes, suggesting it is seen as an above-average asset.
Q: Who would this property not suit?
A: It may not be the best fit for buyers seeking a modern, move-in-ready home with no projects, or for those who prioritize a large, open-concept interior above all else. The appeal here is grounded in the land and the solid foundation it provides for a home that can be personalized over time.