Property Overview & Key Characteristics
This property is a classic one-storey home built in 1920, situated on a notably large lot of nearly 12,000 square feet in the Betsworth area. Its primary appeal lies in the significant land parcel, which offers substantial space for gardening, expansion, or outdoor recreation—a rarity in the city. The home itself, at 924 sqft, is modest in size and presents a clear opportunity for updates or a full renovation to match modern tastes.
The house would best suit a specific type of buyer: a hands-on individual, developer, or investor who sees value in the land and the structure's potential rather than a move-in-ready finish. It's a project property with a strong foundational asset—the lot size. A less obvious perspective is the home's age, which, while placing it in need of updates, also offers the character and construction quality of its era, appealing to those interested in a thoughtful restoration. The rankings provided indicate that while the house itself is smaller and older than most in its immediate area and the city, the land size is a standout competitive advantage.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in its neighborhood, and across Winnipeg. For example, its land size ranks in the top 4% city-wide, which is exceptional. Conversely, its age and assessed value rank in the bottom quarters, highlighting it as an older home with renovation potential on a premium lot.
2. Is this a teardown property?
Not necessarily. While the large lot is certainly attractive for redevelopment, the existing one-storey structure could be a candidate for a significant expansion or renovation, preserving the original home while modernizing and enlarging it. The choice would depend on the buyer's vision and budget.
3. What are the implications of a 1920 build year?
Expect older building materials, systems, and layout. This means potential charm like solid wood framing, but also likely needs such as electrical, plumbing, and insulation updates. It's wise to budget for these foundational improvements alongside any cosmetic renovations.
4. There's no basement or garage. How big of a limitation is this?
The lack of a basement reduces storage and potential living space, placing more importance on the main floor layout and the possibility of adding a garage or shed to the large lot. For some buyers, a slab-on-grade foundation can be simpler, but it does limit utility space.
5. Why is the assessed value relatively low compared to the lot size?
Municipal assessments often reflect the current state and size of the dwelling itself. The low assessment here suggests the system places a higher weight on the older, smaller house than on the development potential of the oversized lot. This can sometimes represent an opportunity for a buyer to add significant value through improvements.