Property Overview: 775 Charleswood Road
Key Characteristics & Appeal
This is a well-established, renovated one-storey home on a large, desirable lot in the Betsworth area of Charleswood. Built in 1971, its key strength lies in its generous 6,737 sqft land parcel, which ranks within the top 10% for size on its street. The living space is a comfortable 1,077 sqft, and the home features a renovated basement, adding valuable finished square footage. Recent sale and assessment data suggest it is positioned in the upper tier of the immediate area for value.
The primary appeal is a blend of space and location. The lot size offers rare potential for gardening, expansion, or simply enjoying ample private outdoor space in a mature neighbourhood. The recent renovation of the basement indicates a home that has been updated for modern living, providing a move-in-ready foundation. It suits buyers looking for a solid, single-level layout in a quiet, established community—perfect for downsizers seeking manageable living without sacrificing yard space, or for a young family valuing a large playground-like lot. A thoughtful perspective is that this property offers the "bones" of a classic Charleswood home with the lot size that is increasingly hard to find, making it a strategic purchase for both long-term living and future value.
Frequently Asked Questions
1. What does the ranking data actually mean for this property?
The rankings compare this home against others on its street, in the neighbourhood, and across Winnipeg. For example, its lot size is in the top 10% on its street, meaning it's one of the largest properties in the immediate area, a significant advantage. Its assessed value is also in the top 5% on the street, reflecting its premium positioning.
2. Is the basement renovation a full, permitted development?
The listing notes a "renovated" basement. Prospective buyers should inquire about the scope of the renovation, whether it included necessary permits, and what exactly was updated (e.g., plumbing, electrical, finishes) to fully understand the quality and legality of the work.
3. There's no garage; what are the parking options?
The property has no garage. Buyers should assess the driveway space and on-street parking availability to ensure it meets their needs, especially during Winnipeg winters.
4. How does the recent sale price relate to the assessed value?
The home sold for $37.5k above its $310k assessed value in April 2024. This indicates the market competition and perceived value exceeded the city's assessment at that time, a useful benchmark for understanding current market dynamics on this street.
5. The home is 55 years old; what should I focus on during an inspection?
While the basement has been renovated, a thorough inspection should focus on the major original systems: the roof, foundation, plumbing, and electrical. The age suggests potential for original components needing attention or updates, despite recent improvements elsewhere.