Property Summary: 540 Community Row, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, well-situated one-storey home built in 1947, offering a rare combination of generous outdoor space and a functional, updated interior. Its primary appeal lies in its expansive, private lot of nearly 11,000 sqft—a significant asset that ranks in the top 5% of all Winnipeg properties for size. The home itself is modestly sized at 1,072 sqft but includes a finished basement, adding valuable living space.
The property’s strength is its location within the Betsworth community, where it outperforms 83% of homes for lot size, offering a suburban feel with established greenery and room to breathe. It would perfectly suit first-time buyers, downsizers, or practical investors seeking a manageable home with exceptional outdoor potential for gardening, play, or future expansion. The very low property tax assessment relative to the lot size presents a compelling value proposition for a buyer willing to invest in updates over time, viewing the land as the primary long-term asset. It’s a home for those who prioritize space and location over modern finishes, seeing the inherent value in a large lot in a mature neighborhood.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Betsworth, and across all Winnipeg. For example, its land size is in the top 5% city-wide, but its build year is older than 78% of Winnipeg homes, indicating a mature property on a premium-sized lot.
2. Is the home in original condition?
Given its 1947 build date, the home likely retains some original character. The presence of a finished basement suggests some modernization, but buyers should anticipate period-appropriate features and plan for potential updates to systems like plumbing, electrical, or windows.
3. Why is there no garage, and what are the options?
The property currently has no garage, which is common for homes of this era. The massive lot size provides ample space to add a detached garage or workshop, subject to local zoning bylaws, which is a key opportunity for the right buyer.
4. How does the low assessment value impact property taxes?
The assessed value of $289,000 is below average for the city and neighborhood. This typically results in lower annual property taxes, which is a financial advantage, though any significant renovation or addition would likely trigger a reassessment.
5. What is the neighborhood vibe in Betsworth?
Betsworth is an established, quiet community. The property’s high lot-size ranking within the area suggests it’s on a street with larger, well-spaced homes, offering more privacy and a settled atmosphere compared to newer, denser subdivisions.