Property Summary: 741 Community Row, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-established, single-storey home on an exceptionally large, mature lot in the Betsworth area. Its primary appeal lies in its land: at nearly 14,000 sqft, the property size ranks in the top 3% of all Winnipeg, offering rare privacy and space for gardens, recreation, or future expansion. The home itself is a modest 1,120 sqft bungalow from 1962, featuring a finished basement. It presents as a solid, no-frills foundation in a sought-after location.
The property suits two main types of buyers. First, it's ideal for those valuing land over the dwelling—buyers seeking a tranquil, spacious setting who are comfortable with a home that may require updates. Second, it's a practical canvas for renovators or builders; the vast lot and one-storey layout offer significant potential for additions or eventual redevelopment, making it a strategic long-term investment. Its high community and city-wide rankings for lot size indicate a enduring, location-based value that outweighs the home's average rankings for age and size.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in its community, and across Winnipeg. For example, its lot size is in the top 9% of its community and top 3% city-wide, which is a standout feature. Conversely, the home's age and size rankings are more average, highlighting a contrast between the land's premium value and the dwelling's simpler nature.
2. Is the finished basement included in the 1,120 sqft living area?
No, the listed 1,120 sqft is typically the above-ground living area. The finished basement provides additional usable space, but its square footage is separate and not detailed here.
3. What are the implications of a 1962 build?
While the home has proven durability, buyers should budget for potential updates to major aging components like the roof, windows, plumbing, or electrical systems. A thorough inspection is essential.
4. With no garage, what are the parking options?
The listing notes no garage, so parking would be via driveway or street. The vast lot could potentially accommodate adding a garage or carport, subject to local bylaws and permits.
5. Why is the assessed value a useful metric here?
The municipal assessment of $356,000 provides a benchmark, showing the property is valued higher than over half of Winnipeg homes. In a case like this, where the land is the major asset, the assessment helps underscore that the value is anchored in the property itself, not just the structure.