23 Speyside Avenue

Property Summary: 23 Speyside Avenue

Key Characteristics & Appeal

This is a well-established, one-storey home in Betsworth, built in 1976. Its primary appeal lies in its generous 7,205 sqft lot, which is significantly larger than most in Winnipeg, placing it in the top 15% city-wide for land size. The home itself is practical, featuring 1,072 sqft of living space, a finished basement, and a detached garage. Recent buyers will note its strong assessed value of $398,000, ranking highly within its immediate street and suggesting solid intrinsic worth.

The property suits buyers looking for outdoor space and potential in a mature neighbourhood. It’s ideal for someone who values a large yard for gardening, recreation, or future expansion over having a brand-new home. The high ranking for lot size and assessment value, coupled with a more modest ranking for living space, indicates this is a property where the land is a major asset. It would fit a first-time buyer ready for a manageable-sized home with room to grow, or a downsizer seeking a single-level layout without sacrificing yard space.

Frequently Asked Questions

1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg. For example, its land size is better than 85% of Winnipeg homes, indicating a very large lot, while its living area is smaller than about 61% of city homes.

2. Is a 50-year-old home a concern?
While systems and components will be of a certain age, the data shows this home is newer than 93% of houses on its street. This suggests the surrounding housing stock is even older, which can be a positive for the neighbourhood's character and stability.

3. The living space ranks lower than the lot size. Is that typical?
Yes, for older neighbourhoods. Homes built decades ago often sit on larger lots compared to newer subdivisions. This highlights the trade-off: you get more outdoor space but a more modestly sized house, which is a key consideration for this property.

4. How significant is the finished basement?
Given the 1,072 sqft main floor, the finished basement effectively doubles the usable living area. This is crucial for adding functional space like a family room, office, or extra bedrooms, offsetting the main floor's footprint.

5. Why is the assessed value ranking so high on the street?
The assessment ranking in the top 14% on its street, significantly higher than its living area rank, strongly implies that the large lot is a major driver of its value. The city's assessment model likely reflects the premium for such a sizable parcel of land.