Property Overview: 554 Community Row, Winnipeg
This well-situated Betsworth bi-level presents a compelling opportunity for a range of buyers. Its key appeal lies in a combination of generous outdoor space, modern construction, and strong market performance. The home sits on a large, approximately 10,000 sqft lot, offering ample room for gardening, play, or expansion, which is a notable find for a 1999-built property. With over 1,300 sqft of living space, a finished basement, and an attached garage, it provides practical family living. The data suggests a home that outperforms most of the market; it ranks in the top 6% of Winnipeg for lot size and the top 21% for its newer build year. Recent sale history shows consistent and above-average value growth, with a 2024 sale price of $530,000 surpassing 86% of Winnipeg homes. This property would particularly suit growing families or value-driven buyers seeking a move-in ready home with established landscaping and room to breathe, without the maintenance concerns of an older build. A thoughtful perspective is that while the bi-level style offers clear separation of living and sleeping areas, its layout may appeal more to those comfortable with split-level living than to buyers seeking a traditional two-storey flow.
Frequently Asked Questions
1. How does the bi-level layout affect daily living?
The design typically places the main living areas (kitchen, living room) on the upper entry level, with bedrooms and additional family space on the lower level. This offers good noise separation but involves frequent use of a short staircase.
2. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the rooms or finish quality. This would be a key point to clarify with the seller or agent to understand the additional liveable space.
3. The lot is large, but how is it oriented and shaped?
A lot of over 10,000 sqft is a significant asset. Understanding its sun exposure, backyard privacy, and any unusual dimensions would help assess its full potential for enjoyment and utility.
4. Why did it sell twice in just over a year?
The property sold in June 2023 and again in June 2024. While the data shows a solid increase in value, the reason for the quick turnover is not provided and would be important to investigate for peace of mind.
5. How do the property taxes compare to the assessed value?
The current assessment is $505,000. Prospective buyers should inquire about the actual annual property tax amount, as it can differ from estimates based on assessment alone.