Property Overview: 533 Community Row, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Betsworth bungalow offers a compelling blend of space, location, and value. Its primary appeal lies in its exceptionally large, approximately 13,000 sqft lot, which places it in the top 3% of all Winnipeg properties for land size. This provides rare potential for gardening, expansion, or simply enjoying generous private outdoor space. The home itself is a practical 1,560 sqft one-storey layout with a finished basement and an attached garage, catering to comfortable, single-level living.
The property’s strength is underscored by its competitive market rankings. It consistently places in the top tiers of its community and the wider city for lot size, living area, and assessed value, suggesting a home that outperforms many of its peers on key metrics. A recent sale in July 2023 provides a clear, contemporary benchmark for its market value.
This home would suit buyers looking for a established property in a mature neighbourhood, where the land itself is a major asset. It’s ideal for those seeking room to breathe without leaving the city, or for someone who values a solid, spacious bungalow layout. The rankings indicate it’s a property that holds its own in the broader market, appealing to pragmatic buyers who prioritize tangible assets like lot size and square footage over a newer build date.
Section 2: Frequently Asked Questions
1. How significant is the lot size, really?
At nearly 13,000 sqft, the lot is a standout feature. It’s substantially larger than the typical urban lot, offering privacy and possibilities that are increasingly hard to find within the city.
2. The home was built in 1967. What should I consider?
While the structure is from 1967, the strong rankings for living area and value suggest it has been maintained as a viable, competitive property. Buyers should plan for a standard inspection focused on the aging roof, windows, and major systems, common for homes of this era.
3. What do these "ranking" percentages mean?
They show how this property compares to others nearby. For example, being in the "top 3%" for lot size in Winnipeg means 97% of city properties have less land. It's a data-driven way to see the home’s relative strengths.
4. The 2023 sale price is below the current assessed value. Why?
Assessed value is for municipal tax purposes and can differ from market value. The 2023 sale price is a concrete market transaction, providing a more recent anchor point for the home’s worth in a real-world sale.
5. Who would this property not suit?
It may not suit buyers seeking a modern, turn-key home without any update projects, or those who prefer a brand-new neighbourhood aesthetic. The appeal here is grounded in space and established character rather than contemporary finish.