Property Overview
This 1969-built bungalow at 737 Community Row offers a practical and spacious family living proposition in the Betsworth neighbourhood. Its key appeal lies in the generous 8,402 sqft lot, which provides ample outdoor space for gardening, play, or future expansion, a significant advantage over many newer properties. The home features a finished basement and a split garage, adding functional living and storage space. With 1,060 sqft of living area, it suits first-time buyers, downsizers, or investors looking for a solid, single-level home on a large lot. Its strong city-wide ranking for lot size (top 10%) contrasts with its more modest rankings for living area and newer builds, highlighting a trade-off: you're purchasing substantial land and a functional layout rather than a modern or expansive interior. This property would best suit a buyer who values private outdoor space and the potential to customize over move-in-ready contemporary finishes.
Frequently Asked Questions
1. How does the age of the home affect its condition and costs?
Built in 1969, major components like the roof, windows, and mechanical systems may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the home has clearly been maintained given its recent sale.
2. What is the significance of the lot size ranking?
Ranking in the top 10% in Winnipeg for lot size is a major asset. It offers rare privacy and space for its price point and suggests the property may hold its value well, as land is a finite resource.
3. The community rankings for build year seem low. Is the area declining?
Not necessarily. A lower ranking (top 85%) for build year simply means most homes in Betsworth are newer. It indicates a mature, established neighbourhood where this property is one of the older homes, often on larger, original lots.
4. Is the finished basement included in the 1,060 sqft living area?
Typically, the listed "living area" refers to above-grade square footage. The finished basement is additional, flexible space, which is a valuable bonus not reflected in that primary figure.
5. The 2022 sale price is close to the current assessed value. What does this indicate?
The recent transaction provides a clear, modern benchmark for value. It suggests the assessment is grounded in a real-market sale, providing confidence in its accuracy and showing stable value in a changing market.