6721 Betsworth Avenue – Property Summary
Section 1: Key Characteristics & Buyer Profile
This is a 720 sqft home built in 1971 on a 3,745 sqft lot, located on Betsworth Avenue in the Westdale area of Winnipeg. Its assessed value is $257,000.
The property’s appeal lies in its entry-level price point. The assessed value is significantly below both the street and citywide averages, which positions it as one of the more affordable options in a neighbourhood where the average home is valued at around $307,000. The lot size, while smaller than the street average of 6,563 sqft, is closer to the neighbourhood norm, meaning the yard is typical for the area.
This home would best suit a first-time buyer or someone looking for a lower-cost entry into Westdale. The smaller living area and lot reflect a more compact, manageable property—likely better for a small household, a single person, or a couple rather than a growing family. It’s a practical starting point, not a showpiece. The modest specs also mean lower property taxes and potentially lower upkeep costs compared to larger, more expensive homes nearby. One less obvious consideration: this property may appeal to a buyer who values a quieter, less conspicuous home on a street where larger, pricier houses dominate—offering relative privacy and a lower profile.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbourhood average?
The main factor is the home’s smaller living area (720 sqft) compared to the Westdale average of 1,029 sqft. Assessed value is heavily influenced by size, so a compact home will naturally fall below the area median. The lot size and the age of the home also play a role.
2. What does “Below Average” mean for the street and neighbourhood rankings?
Those rankings compare this property to similar homes within the same street, neighbourhood, and city. “Below Average” doesn’t mean the home is in poor condition—it simply means it ranks lower in size, lot area, and assessed value relative to others. For example, the home ranks in the top 1% citywide for being older than 1966, but in the bottom ranks for living area. It’s a comparative snapshot.
3. Is a smaller lot a disadvantage in Westdale?
Not necessarily. Larger lots are common on Betsworth Avenue (average 6,563 sqft), but Westdale’s average is 5,168 sqft. This lot is smaller than the street norm but closer to the neighbourhood average. If you don’t need a large yard, the smaller lot means less maintenance and a lower purchase price. It also may mean the home feels more private, as neighbouring houses are set further apart.
4. What can the “Year Built” rank tell me about the home’s condition?
The home was built in 1971, which is around the average for the street and neighbourhood. The ranking is neutral—it doesn’t indicate good or bad condition, just that the home isn’t unusually old or new for the area. Buyers should still budget for typical updates (roof, windows, mechanicals) that a 50+ year-old home may need.
5. Does a lower assessed value mean the property is a bad investment?
Not at all. Lower assessed value often means lower property taxes and a lower initial purchase cost. For a buyer looking to build equity over time, a modest home in an established neighbourhood like Westdale can offer good long-term value, especially if similar nearby homes are priced higher. The key is to see it as a practical entry point, not a property that will compete with larger, more expensive homes.