Property Overview: 714 Community Row, Winnipeg
This 1971 bi-level home in Betsworth offers a practical and established living option. Its key appeal lies in a combination of generous outdoor space and a location that provides solid city-wide convenience, presenting a clear value proposition for specific buyers.
Key Characteristics & Buyer Profile
The property is defined by its large, 7,197 sqft lot, which is a standout feature, offering significant potential for gardening, recreation, or expansion. The home itself is a modest 864 sqft bi-level with a finished basement, providing a functional multi-level layout. A key, less obvious strength is its "bones" relative to the neighborhood: while the house is average in size for the area, its lot size ranks highly, suggesting a better land-to-building ratio than many nearby properties. Its city-wide rankings tell a story of balanced value; it sits in a sweet spot where the assessed value is almost exactly the Winnipeg median, but it occupies a lot that is larger than 85% of city properties. This indicates you are paying for the structure at a typical rate but gaining above-average land.
This home would best suit first-time buyers, downsizers, or practical investors looking for an entry point into a mature neighborhood without a premium price tag. It’s for those who prioritize land space and location efficiency over a large or modern interior. The finished basement adds flexible living or income potential, appealing to buyers needing a mortgage helper or extended family space. Its appeal is grounded in utility and long-term land value rather than immediate luxury.
Frequently Asked Questions
1. What does the "bi-level" design mean for daily living?
A bi-level typically features a short staircase leading to the main living areas (kitchen, living room) and another leading down to lower-level bedrooms and the finished basement. It offers separation of spaces but involves more stair use than a bungalow.
2. The house seems small relative to the lot. Is there room to expand?
The very large lot is a major asset that could potentially allow for an addition, a sizable garage, or outdoor living structures, subject to local zoning and permit approvals. This is a key future-proofing feature.
3. How should I interpret the competitive rankings?
They show how this property compares to others in specific areas. Notably, it ranks in the top 15% for lot size city-wide, but in the bottom 20% for living space. This highlights its core trade-off: ample land versus a compact interior.
4. The home was built in 1971. What should I be mindful of?
While systems like roof, windows, and furnace may have been updated, a home of this age warrants a thorough inspection for original components, wiring, plumbing, and insulation standards common to its era.
5. The 2018 sale price was $300,000. How relevant is that today?
It establishes a historical price point, but market conditions have evolved. The current assessed value of $352,000 provides a more recent benchmark, though the final market price will be determined by current demand, condition, and comparable sales.