15 Haddington Bay

Property Overview: 15 Haddington Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey family home, built in 1985, sits on a generous 8,041 sqft lot in the Betsworth neighbourhood. Its primary appeal lies in offering substantial space and established neighbourhood character. With over 2,000 sqft of living area, it ranks in the top 11% of homes in its community for size and the top 8% city-wide, making it a notably spacious offering. The property includes an unfinished basement and an attached garage.

The home’s standout feature is its lot size, which surpasses 57% of homes on its street and 60% in its community, providing ample outdoor potential. While the interior may benefit from updates, the structure presents a solid foundation. Its 2020 sale price suggests a history of value retention, and its current assessed value positions it above most Winnipeg homes. This property is well-suited for buyers looking for a "blank canvas" home on a large lot—ideal for families seeking room to grow, DIY enthusiasts ready to customize, or long-term investors attracted by the lot's inherent value and the neighbourhood's established rankings.

A less obvious perspective is the home’s positioning within a mature streetscape. Purchasing a home that already ranks highly for lot size and living area on its street means you are buying into one of the larger properties in the immediate area, which can be a strategic advantage for future value.

Section 2: Frequently Asked Questions

1. What is the significance of the provided rankings?
The rankings show how this property compares to others on its street, in Betsworth, and across all of Winnipeg for key metrics like size, age, and value. For example, ranking in the top 11% in Winnipeg for living area confirms it is a genuinely spacious home relative to the entire market.

2. The home was last sold in 2020. What does that recent history indicate?
A sale just a few years ago provides a clear, recent benchmark for market value. It suggests a motivated seller was in the market relatively recently, which can be helpful for understanding price trends on the street.

3. Is the unfinished basement a drawback?
Not necessarily. While it requires an investment to finish, it represents significant potential for additional living space, storage, or customization without the constraints of a previous owner’s layout choices.

4. The home is 41 years old. What should I consider?
Homes of this age often have well-established landscaping and are located in mature neighbourhoods. Buyers should prioritize a thorough inspection focusing on major systems (roof, windows, furnace, plumbing) which may be nearing or past their typical lifespans and budget for potential updates.

5. How should I interpret the difference between the 2020 sale price and the current assessed value?
The assessed value is for municipal tax purposes and is not a market price. The increase from the 2020 sale price generally reflects market appreciation and reassessment, but the actual list or sale price will be determined by current market conditions.