Property Overview & Appeal
This well-maintained 1982 bungalow on a generous 6,208 sqft lot in Betsworth offers a practical and established living environment. Its key appeal lies in a combination of space, recent value appreciation, and a quiet, mature neighbourhood setting. The home features a fully finished basement, adding valuable living area to its 1,222 sqft main floor footprint, and is complemented by a single attached garage.
The property’s standout characteristic is its strong and consistent market performance. Recent sale prices have significantly outpaced its assessed value, with the latest 2024 sale ranking in the top 4% for its street, indicating high demand for homes in this location. It suits buyers looking for a move-in ready, single-story home with a low-maintenance yard, and is particularly appealing to those who value data-driven confidence in an investment. While not the largest home on the block, it offers a balanced package for downsizers, small families, or first-time buyers seeking a foothold in a stable area. A thoughtful perspective is that its above-average age (44 years) is offset by its above-average ranking for "newness" on its street, suggesting it has been better maintained or updated compared to many of its immediate peers.
Frequently Asked Questions
1. How does the recent sale price compare to the city average?
The December 2024 sale price of $540,000 ranks in the top 13% of all Winnipeg homes, placing it well above the median and indicating a premium, desirable location.
2. Is the lot size typical for the area?
At 6,208 sqft, the lot is larger than average for Winnipeg and ranks in the top 45% on its own street, offering more outdoor space than many comparable properties.
3. What does the "newness" ranking mean?
Despite being 44 years old, this home ranks newer than 89% of houses on its street. This suggests it is among the more recently built or substantially updated homes in this specific, well-established part of the neighbourhood.
4. Has the property been a good investment for past owners?
Yes. The sale price has increased by over $100,000 in the last four years, with each consecutive sale achieving a higher percentile ranking against the wider Winnipeg market, demonstrating strong equity growth.
5. Is the living space smaller than other homes nearby?
The 1,222 sqft of main floor living area is modest relative to some immediate neighbours (ranking in the top 82%, meaning 82% are larger). However, the finished basement provides additional flexible space, making the total usable square footage more competitive.