Property Summary: 701 Community Row, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-story home on an exceptionally large lot in the Betsworth neighborhood. Built in 1971, its primary appeal lies in its generous, over 11,000 sqft property, offering significant outdoor space and potential in a city where such large plots are uncommon. The home itself is a manageable 1,015 sqft with a finished basement, presenting a practical footprint for downsizers, first-time buyers, or those seeking a low-maintenance living space with room to grow outdoors.
Its standout feature is its land value and relative positioning within the market. The property ranks in the top 4% of Winnipeg for lot size, indicating a rare offering. While the house is modest in size and of average age for the area, the appeal is for a buyer who prioritizes land over a large interior. It would suit a practical buyer looking for a blank-canvas yard for gardening, recreation, or future expansion, or an investor who recognizes the long-term value of land. A less obvious perspective is that this property offers a balance of urban convenience with a semi-rural feel due to the lot size, without leaving the city limits. It’s a home for someone whose vision extends beyond the walls of the house.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg. For example, being in the top 4% for lot size city-wide confirms the lot is a rare, premium asset. Other rankings, like being newer than only 24% of homes in the community, honestly reflect the home’s age relative to neighbors.
2. Is the house too small for the lot?
It depends on your needs. The 1,015 sqft living area is compact, which suits those wanting lower utility and maintenance costs. The value proposition is that you are purchasing significant land; the house provides comfortable shelter, while the yard provides the living and potential space.
3. What are the implications of a 55-year-old home?
While systems and structure should be inspected, a home of this age often features solid construction. The finished basement is a plus. Buyers should budget for updates consistent with its era and ensure a thorough inspection focuses on major aging components like roof, plumbing, and electrical.
4. There’s no garage. Is that a major drawback?
For some buyers, yes. However, the vast lot presents a clear opportunity to add a garage, workshop, or carport, subject to permits. The lack of one is reflected in the current price and assessment, making it a project for the right buyer.
5. Who is the most likely buyer for this property?
It’s ideal for a buyer who values outdoor space—gardeners, families wanting a large play area, or those with pets. It also appeals to downsizers from larger homes who still want a generous yard, or value-oriented buyers who see the long-term land asset as more important than a move-in-ready, modern interior.