Property Overview: 5611 Betsworth Avenue
This well-situated bungalow offers a classic and practical living arrangement on a large, private lot. Built in 1974, the home features 1,289 sqft of living space above grade, an unfinished basement providing ample storage or future expansion potential, and an attached garage. Its standout feature is the exceptionally spacious 9,305 sqft lot, which places it in the top 10% of properties in Winnipeg for land size. The home’s overall assessed value ranks competitively within the broader city market.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of solid fundamentals and clear potential. The large, flat lot is a significant asset, offering rare privacy and space for gardening, recreation, or future additions like a deck or workshop—a notable advantage over newer subdivisions. As a bungalow, it provides single-level living ease, which is a lasting benefit. The unfinished basement is a blank canvas for customization according to a new owner's needs.
It would suit practical buyers looking for a long-term home with room to grow, such as first-time homeowners comfortable with gradual updates, small families valuing the safe outdoor space, or downsizers seeking a manageable layout without compromising on yard size. Its strong rankings for lot size and value within Winnipeg suggest it’s a property with inherent equity in a desirable setting, appealing to those who see land as a key component of real estate.
Frequently Asked Questions
1. What is the neighbourhood like?
The property is in the Betsworth area of Winnipeg. The data shows the home ranks highly within its own street and the wider city for lot size and value, indicating a well-established, desirable location.
2. Is the basement livable?
The basement is present but unfinished. It provides excellent storage and houses mechanical systems, but any living space would require a full renovation to suit.
3. How does the property’s value compare to others?
The home’s assessed value ranks in the top 41% city-wide and top 38% on its street, suggesting it is positioned well against comparable properties. Its last sale was in July 2020 for $343,000.
4. What are the main benefits of such a large lot?
Beyond privacy and space, a lot of this size (over 9,300 sqft) is uncommon and offers flexibility. It can accommodate larger additions, significant landscaping, or recreational features that smaller lots cannot, often contributing to stronger long-term property value.
5. What should I consider about the home’s age?
Built in 1974, the major systems (roof, windows, furnace) may be at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and plan for any necessary updates or maintenance, which is typical for homes of this vintage.