Property Summary: 876 Community Row, Winnipeg
Key Characteristics & Appeal
This 1971-built, three-level split home sits on a generous 7,199 sqft lot in the Betsworth neighbourhood. Its key features include a finished basement and a detached split garage. With 1,253 sqft of living space, it offers a practical layout for family living or downsizing.
The home’s primary appeal lies in its balance of space, established location, and value. The large lot is a standout, offering room for gardening, play, or future expansion in a mature area. Its competitive ranking in lot size within Winnipeg (top 15%) suggests a rarity not found in newer subdivisions. The property suits first-time buyers seeking a home with a manageable footprint and outdoor space, or value-oriented investors looking for a solid rental property in a stable community. It’s a home for those who appreciate the character and larger plots of older neighbourhoods over brand-new construction, and who are comfortable with a property that may benefit from personal updates over time.
Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate street, wider neighbourhood, and all of Winnipeg. For example, its lot size ranks highly city-wide, while its building age is newer than most on its street but older than many in the city overall. This helps gauge what features are competitive strengths.
2. Is a 55-year-old home a concern?
While the home is well-established, its age means buyers should prioritize a thorough inspection. The upside is that homes from this era often feature larger lots and sturdy construction. The key is to understand the condition of major systems like roof, wiring, and plumbing.
3. What are the pros and cons of a three-level split design?
This design efficiently creates multiple defined living areas on different levels, offering good separation of space (e.g., living room, bedrooms, rec room). The potential downside is more interior stairs, which may not suit everyone.
4. How does the finished basement add value?
It immediately provides additional liveable space for a family room, home office, or guest area without the need for a renovation project. Ensure the finish is to a good standard and that proper permits were obtained.
5. What does the assessment value mean for the listing price?
The municipal assessment of $375,000 is for tax purposes and is based on past market data. The listing price will be set by the seller based on current market conditions, recent comparable sales, and the home's specific features. It serves as a reference point, not a direct price prediction.