Property Summary: 661 Community Row, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a classic, well-established one-storey home in Betsworth, built in 1961. Its defining feature is an exceptionally large, private lot of over 21,000 square feet, placing it in the top 1% of properties in Winnipeg for land size. The home itself is a manageable 1,032 sqft bungalow with a finished basement, offering functional living space. Recent market activity is confirmed by a 2022 sale.
The primary appeal lies in its rare combination of a central location and vast, usable land. This isn't just a backyard; it's a canvas for gardening, recreation, or future expansion, offering a level of privacy and space uncommon in the city. The home suits two distinct buyer types: first, practical buyers or downsizers seeking a single-level layout on a low-maintenance lot portion, with the land as a long-term asset. Second, it's ideal for visionaries or builders who see the ultimate value in the land itself—whether for enjoying immense outdoor space, adding significant additions, or considering future redevelopment potential, making it a strategic purchase.
Section 2: Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement, but specifics on layout, ceiling height, permits, and moisture control are not provided. A professional inspection is highly recommended to assess its condition and suitability.
2. Why is there a difference between the 2022 sale price and the current assessed value?
The 2022 sale price of $365,000 reflects the market at that time. The current assessed value of $352,000 is for municipal tax purposes and can differ from market value. Recent market shifts and the unique value of the large lot mean the current market price is determined by buyer demand.
3. What are the implications of such a large lot?
While offering great privacy and potential, a lot of this size may come with higher municipal taxes and requires more upkeep (e.g., lawn care, snow clearing). It's important to budget for these ongoing costs. Also, any future fencing, landscaping, or construction projects would be significant in scale.
4. The home's metrics (age, size) rank lower than the lot size. Should I be concerned?
This highlights the property's unique profile. The house itself is a modest, older bungalow. The outstanding rankings for land size show that you are primarily investing in the land. The condition of the home's major systems (roof, plumbing, electrical) due to its age should be a key focus of an inspection.
5. There's no garage. Can one be built?
Given the ample land, adding a garage or large shed is likely very feasible from a space perspective. However, you must check City of Winnipeg zoning bylaws for setbacks, size restrictions, and permit requirements before making any plans.