Property Summary: 576 Community Row, Winnipeg
Key Characteristics & Appeal
This is a substantial, well-established family home in the Betsworth neighbourhood, built in 1981. Its primary appeal lies in its generous scale and prime lot. The 2,450 sqft living area is larger than 97% of Winnipeg homes, complemented by a fully finished basement and a private, oversized lot of over 15,000 sqft—a rarity that offers significant space for recreation, gardening, or future expansion. The property also features a swimming pool and an attached garage.
Its standout characteristic is its exceptional ranking across nearly every metric compared to local and city-wide benchmarks. It consistently places in the top 10% for lot size, living area, and recent sale price within its community and Winnipeg overall. This indicates a property that outperforms its peers in desirability and perceived value. The 2024 sale price of $810,000, notably above its assessed value, underscores strong market demand.
This home would best suit buyers seeking a move-in ready, spacious property with established landscaping and a mature neighbourhood feel. It’s ideal for a family that values indoor and outdoor living space, entertains frequently, and appreciates the privacy of a large yard with pool amenities. It also represents a solid, data-backed investment in a property that has demonstrably held and grown its value in a competitive segment.
Frequently Asked Questions
1. How does the recent sale price compare to the assessment?
The home sold for $810,000 in September 2024, which is significantly above its current assessed value of $618,000. This is common in active markets and reflects what buyers were recently willing to pay, whereas the assessment is for municipal tax purposes and may lag behind current market values.
2. Is the 45-year-old building age a concern?
While the home is well-established, its age means prospective buyers should pay special attention to the condition of major systems (roof, HVAC, plumbing) and updates over the years. Its excellent rankings suggest it has been well-maintained, but a thorough inspection is essential.
3. What do the ranking percentages actually mean?
They show how this property compares to others. For example, being in the "top 2%" for living area in Winnipeg means 98% of homes in the city are smaller. These stats highlight this home’s standout features—its size and lot—relative to the competition.
4. Who would this property not suit?
It may not be ideal for first-time buyers or those seeking a low-maintenance, modern-build property. The large lot and pool require ongoing upkeep, and the home’s scale likely translates to higher utility and property tax costs.
5. Are there any insights from the transaction history?
The single, recent transaction in 2024 suggests the previous owners held the property for a long time, which can indicate a stable, well-cared-for home in a desirable location. The lack of frequent turnover is often a positive sign in a mature neighbourhood.