Property Overview
This 1972-built bungalow at 539 Municipal Road offers a blend of space, established character, and a highly desirable location. Its key appeal lies in its generous 11,189 sqft lot, which ranks in the top 4% of all properties in Winnipeg for size, providing exceptional outdoor potential. The home itself, with 1,673 sqft of living space including a finished basement, is larger than approximately 80% of Winnipeg homes. It sits in the Betsworth neighbourhood, where it outperforms 84% of neighbouring properties in terms of lot size. The property is well-suited for buyers seeking a established, low-maintenance bungalow layout on a premium, expansive lot—ideal for families wanting room to play and garden, or for those planning future additions like a large deck or workshop. Its strong rankings for lot size, living area, and assessed value suggest a property that is a standout in its category, appealing to practical buyers looking for a home with inherent value and room to grow.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in its community, and across all of Winnipeg. For example, being in the "top 4%" for lot size in Winnipeg means 96% of properties have a smaller lot, highlighting this as a key, rare feature.
2. The home was built in 1972. What should I consider?
While the building age ranks in the middle range for the city, it's important to factor in the condition of major systems common to homes of this era, such as the roof, windows, plumbing, and electrical. A thorough inspection is advised to understand any upcoming maintenance.
3. How does the finished basement add value?
The finished basement effectively increases the usable living space beyond the 1,673 sqft main floor, potentially adding extra bedrooms, a recreational room, or a separate living area. This adds significant functional value for growing families or those who work from home.
4. The lot is large, but are there any restrictions?
It's always wise to verify the property's zoning with the city to understand what is permitted. This will clarify if the lot allows for potential future structures like a shed, garage addition, or even subdivision, which can be a major long-term asset.
5. The assessment is $469,000. Is that the sale price?
No. The assessed value is for municipal tax purposes. The sale price is determined by the current market and can be higher or lower. However, the fact that this assessment ranks higher than 77% of Winnipeg homes indicates the city views it as a above-average-value property.