3 Inverary Bay

Property Overview & Appeal

This 1984-built, single-storey home in Betsworth offers a practical and spacious layout on a large, mature lot. Its key characteristics include 1,736 sqft of living space, a fully finished basement, and an attached garage. The appeal lies in its established neighbourhood setting, generous land size (6,674 sqft), and solid value proposition evidenced by steady appreciation. The home ranks highly within Winnipeg for lot size, living area, and assessed value, indicating a competitive position in the broader market.

It would suit buyers looking for a move-in ready, single-level living option with room to grow outdoors, or those seeking a stable property in a well-established area. A thoughtful perspective is that while the home is older, its strong rankings for size and value suggest it has been a well-maintained and desirable property within its cohort, potentially offering more character and lot space than newer builds in its price range.

Frequently Asked Questions

1. How does the age of the home affect its condition and potential costs?
Built in 1984, major components like the roof, windows, and mechanical systems may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for any necessary updates or preventative maintenance.

2. The lot is large, but what is the actual backyard like?
With nearly a quarter-acre of land, there is significant outdoor potential. The mature setting likely offers privacy and established greenery, but the size also implies considerable yard maintenance.

3. How does the finished basement add to the living space?
The finished basement effectively increases the usable square footage, ideal for a recreation room, home office, or additional bedrooms. It's important to confirm ceiling height, natural light, and moisture control.

4. The home ranks lower within its own street for several metrics. Should this be a concern?
This often reflects the specific composition of the immediate street, which may have larger or newer homes. The property's much stronger rankings across the wider community and city are more significant indicators of its overall market position.

5. The 2023 sale price was above the current assessed value. What does this indicate?
The recent sale demonstrates what a buyer was willing to pay in the recent market. Assessments are for taxation purposes and can lag behind rapid market shifts. The 2023 transaction is a key data point for determining current market value.