Property Overview: 51 Civic Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in Betsworth, built in 1987 on a spacious 6,100 sqft lot. With 1,206 sqft of living space, an unfinished basement, and an attached garage, it offers a practical layout for everyday living. The home’s primary appeal lies in its strong positional value within the broader Winnipeg market. It ranks in the top 29% of the entire city for both lot size and assessed value (recently assessed at $428,000), indicating a property that holds its worth well relative to others. Notably, it is a newer build compared to most in its immediate neighborhood, ranking newer than 86% of homes in the Betsworth community.
This property would suit first-time buyers or downsizers looking for a manageable, single-level layout in a mature area, with the lot size offering room for gardening or future expansion. It’s also a sensible choice for a value-focused buyer who prioritizes a home’s fundamental rankings—like lot size and city-wide value—over having premium finishes or a recently updated interior. The unfinished basement presents a clear opportunity for customization and added equity.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this home to others on its street, in Betsworth, and across all of Winnipeg. Key takeaways are that it has a larger-than-average lot and a higher assessed value than most of the city, but the living space is more modest compared to its immediate neighbors.
2. Is the unfinished basement a drawback or an opportunity?
It depends on your needs and budget. It provides ample storage and mechanical space as-is. For a buyer willing to invest, it represents significant potential to add customized living space and increase the home’s value, without paying a premium for someone else’s renovation choices.
3. The home is newer than most in Betsworth. Why is that significant?
In an established neighborhood, a newer home like this (1987) may offer more modern construction standards, floorplans, and potentially fewer major component replacements (like roof or windows) in the immediate future compared to much older homes nearby.
4. Who might this property not suit?
Buyers seeking a move-in-ready home with a finished basement and updated amenities may find the scope for immediate work here. It may also feel compact for families requiring more above-grade bedroom or living space.
5. How should I interpret the assessment value?
The municipal assessment of $428,000 is used for calculating property taxes and indicates the city’s valuation of the property relative to others. It’s a useful benchmark, but the final market sale price is determined by current buyer demand and can be higher or lower.