Property Summary: 71 Carlos Lane, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Betsworth is defined by its generous, mature lot and solid value proposition. Its key characteristic is the significant 5,994 sqft land area, which places it in the top tier for lot size both on its street and within the wider neighbourhood. This presents a major appeal for buyers seeking outdoor space, garden potential, or future expansion in an established area. The home itself is modest in living space (816 sqft), but features a renovated basement, adding functional living area. A detached garage provides additional storage or workshop space.
The property’s appeal lies in its established location and land value. It suits practical buyers—such as downsizers seeking a manageable single-level layout with a large private yard, or value-oriented investors and renovators who see potential in the substantial lot and the already-updated basement. A less obvious perspective is its appeal to those prioritizing stability; the home has had only one owner in the last eight years, and its assessed value is strong for the street, suggesting it is a well-regarded holding in a consistent, mature community.
Section 2: Frequently Asked Questions
1. How does the smaller living area impact the property?
While the 816 sqft living area is compact, the renovated basement effectively expands the usable space. The trade-off is a focus on the large, premium lot, making it ideal for those who value outdoor space over a large interior footprint.
2. What does the "rank by area" data actually mean?
The rankings show the property’s lot size compared to others. For example, "Top 4% in same street" means this lot is larger than 96% of other lots on Carlos Lane, highlighting the lot as a standout feature in the immediate area.
3. The home was built in 1975. What should I consider?
A 51-year-old home will likely have original or aging core components, such as the roof, windows, or major systems. The renovated basement is a positive update, but a thorough inspection of the main structure and utilities is essential.
4. The last sale was in 2016. Is that unusual?
No, it indicates a stable ownership period of over eight years. This can be a positive sign of a satisfied owner and a stable property history, with no short-term flipping activity.
5. How does the assessed value compare to the last sale price?
The current assessed value ($35.70k) is significantly higher than the 2016 sale price ($25.10k). This reflects market appreciation over eight years and the impact of the basement renovation, but it is not a direct indicator of current market value, which is determined by buyer competition.