Property Overview
This 1971 bi-level home at 880 Community Row in Winnipeg's Betsworth neighborhood offers a practical and affordable entry point into homeownership. Its key appeal lies in its generous 7,199 sqft lot—a significant outdoor space that ranks in the top 15% of all properties in Winnipeg for size. The home itself is modest at 864 sqft of living space but includes a finished basement, adding functional room. While the interior footprint is compact, the property's overall value is bolstered by its land and its position in a stable, established community.
It would suit first-time buyers or downsizers seeking a lower-maintenance property with a large yard for gardening, pets, or future expansion, without the premium price of a newer home or a large interior. Its competitive lot size and ranking suggest it offers more outdoor potential than many comparably priced homes. A thoughtful perspective is that while the home's interior metrics rank lower locally, its superior lot size and city-wide ranking highlight a property where the land itself is the primary appreciating asset, appealing to those with a long-term view.
Frequently Asked Questions
1. What does the "ranking" information mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg for specific metrics. For example, its land size is in the top 15% city-wide, meaning it's larger than 85% of Winnipeg lots. Conversely, its living area is smaller than most homes in the local area.
2. Is the basement included in the 864 sqft living area?
No, the 864 sqft refers to the above-ground living space. The home has a separate, finished basement, which adds additional usable square footage not reflected in that primary figure.
3. What are the implications of a 55-year-old home?
Buyers should budget for potential updates to major aging components like the roof, windows, or mechanical systems. However, an older home in an established neighborhood often comes with mature landscaping and proven community stability.
4. There's no garage. What are the parking options?
The listing does not specify a driveway, but the very large lot suggests there is likely space for off-street parking. Verifying driveway access or the potential to add a parking pad or garage would be an important due diligence step.
5. How does the assessment value relate to the asking price?
The municipal assessment is $315,000, used for calculating property taxes. The market asking price can be higher or lower than this figure based on current market conditions, the home's specific state, and seller motivation. It serves as a baseline, not a sale price.