Property Overview
This well-established one-storey home at 728 Charleswood Road presents a solid opportunity in Winnipeg's Betsworth neighbourhood. Built in 1986, it sits on a large, approximately 9,000 sqft lot, which is a standout feature ranking in the top 8% for size city-wide. The home itself offers 1,316 sqft of living space with an attached garage and a basement that is present but not renovated. It recently sold in July 2024 for $470,000. Its appeal lies in its generous, private lot—a canvas for gardeners or those seeking outdoor space—within a mature community. This property would best suit practical buyers looking for a land-value proposition, who are comfortable with a home that may require personalization or updates over time, rather than those seeking immediate move-in perfection.
Key Considerations & FAQs
1. What is the true draw of this property?
The primary asset is the lot size. At nearly 9,000 sqft, it is significantly larger than many in Winnipeg, offering rare potential for expansion, landscaping, or simply enjoying ample private outdoor space.
2. What does "basement, not renovated" typically mean?
This usually indicates a functional but dated basement. Buyers should budget for potential updates to suit their needs and anticipate that systems or finishes may be original or from an earlier era.
3. How does the recent sale price compare to its assessed value?
The $470,000 sale price is substantially higher than the $40,900 assessed value. This is common, as municipal assessments are for tax purposes and often lag behind market values. The sale price is the relevant current market indicator.
4. The home ranks "newer" than many on its street. Is that an advantage?
Yes, relatively. Being built in 1986 makes it newer than 75% of homes on Charleswood Road. This suggests potentially newer construction materials and systems compared to immediate neighbours, though a 40-year-old home will still require diligent maintenance.
5. Who might this property not suit?
It may not be ideal for buyers who want a fully updated, low-maintenance home immediately. The mention of an unrenovated basement and the emphasis on land value indicate the interior likely requires a buyer's vision and investment to meet modern standards.