23 Inverary Bay

Property Overview

This two-storey home on a large, 7,480 sqft lot in Betsworth presents a compelling opportunity. Built in 1987, its primary appeal lies in its generous 2,913 sqft of living space, which ranks in the top 1% for size within both the local community and Winnipeg overall. The property features a finished basement and sits on a quiet bay, offering a sense of space and privacy that is increasingly rare. Its 2018 sale price of $615,000 and current assessed value of $682,000 suggest a history of steady value appreciation.

The home is ideally suited for a growing family or anyone needing substantial interior room, potentially offering more square footage per dollar than newer builds in the area. It also appeals to buyers who prioritize a large, established lot over having a garage. While not the newest on the street, its size and lot offer a strong foundation for both comfortable living and long-term value.

Key Questions for Consideration

1. What does the "ranking" data actually tell me?
The rankings compare this home against others on its street, in Betsworth, and across all of Winnipeg. They highlight that while the home is older than many in the city (top 28%), it is exceptionally large (top 1%) and has a high assessed value (top 4%). This indicates you're getting significant space, and the property is viewed as a premium asset in the broader market.

2. The home has no garage. How big of a drawback is this?
This is a notable consideration, especially given Winnipeg's climate. The appeal here trades off dedicated vehicle storage for the very large lot and living space. Buyers would need to factor in the cost and feasibility of adding a garage later, or be comfortable with street parking or using a driveway.

3. The assessed value is significantly higher than the 2018 sale price. What does this mean?
This reflects market-wide appreciation over six years and likely improvements made to the property. It sets a benchmark for municipal taxes but doesn't dictate market sale price. It does, however, strongly indicate the property's grown in official valuation.

4. Is an older home like this a concern?
Built in 1987, major components like the roof, windows, and furnace may be nearing or past their typical lifespans. A thorough inspection is crucial. The upside is that construction from this era often features roomier layouts and larger lots compared to many newer subdivisions.

5. Who would this property NOT suit?
It may not be ideal for those seeking a modern, low-maintenance "turn-key" home, as some updates are probable. It's also less suitable for buyers who require an attached garage or prefer a brand-new community aesthetic. The value here is in space, lot size, and established character, not contemporary finishings.