Property Overview: 534 Community Row, Winnipeg
Key Characteristics & Buyer Appeal
This is a well-established, single-storey home in the Betsworth area, built in 1956. Its primary appeal lies in its exceptionally generous 15,124 sqft lot, which places it in the top 2% of all properties in Winnipeg for land size. This offers rare potential for expansion, gardening, or outdoor living within the city. The home itself, at 1,432 sqft with a finished basement and an attached garage, provides practical living space. Its assessed value ranks highly within its immediate community and across Winnipeg, indicating a solid and desirable property foundation.
The home suits buyers who prioritize land over a modern build, seeing value in the opportunity a large lot presents. It’s ideal for those comfortable with a home of vintage character (70 years old) who may have plans for renovation, expansion, or simply desire a private, spacious yard that is now uncommon in urban settings. The strong rankings for lot size and assessed value suggest a property that stands out for its inherent asset—the land—rather than its interior finishes or age.
Frequently Asked Questions
Q: The house was built in 1956. What should I consider about its age?
A: While the systems and structure may be well-maintained, a pre-purchase inspection is crucial to understand the condition of the roof, plumbing, electrical, and foundation. The age also suggests a classic layout, which may appeal to those wanting to customize a renovation.
Q: How significant is the lot size practically?
A: At over 15,000 sqft, it is substantially larger than a standard city lot. This allows for significant distance from neighbors, ample green space, and potential for additions like a large workshop, garden, or future secondary suite (subject to zoning approval).
Q: The home ranks highly for value but lower for age. What does this mean?
A: This indicates that the market assessment and appeal are driven more by the desirable lot and location than by the home's modernity. It suggests you are investing primarily in the land, with the existing house as a functional starting point.
Q: Is the finished basement included in the 1,432 sqft living area?
A: Typically, the listed living area refers to above-grade square footage. The finished basement is an additional space, adding functional rooms like a rec room or extra bedrooms, but it is not counted in the official living area figure.
Q: What is the neighborhood like?
A: Located in Betsworth, the property ranks in the top 7% within its community for lot size and top 27% for value, suggesting it is among the more substantial homes in a well-regarded area. Researching local amenities, schools, and traffic patterns would provide a complete picture.