Property Overview: 50 West Park Place, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in Betsworth offers a practical and comfortable living space on a generously sized lot. Its key characteristics include a renovated basement, an attached garage, and 1,488 sqft of living area. The appeal lies in its established neighbourhood setting combined with solid fundamentals: the property sits on a lot that is larger than most on its street and in Winnipeg overall, providing valuable outdoor space and potential. The home’s assessed value ranks highly within its immediate area, suggesting it is viewed favorably relative to its neighbours.

This property would suit a buyer looking for a manageable single-level layout, who values a renovated basement for extra living space, and who appreciates the stability of an established community. It’s a practical choice for those who see value in land size and are comfortable with a home from the 1980s, likely appealing to downsizers, small families, or investors seeking a property with strong relative metrics in its locale.

Section 2: Frequently Asked Questions

1. How does the lot size compare to others?
At 8,001 sqft, the lot is larger than approximately 89% of properties in Winnipeg and ranks in the top 36% on its own street, which is a significant asset for privacy, gardening, or future expansion.

2. What does the sold price history indicate?
The home last sold in November 2020 for $47.50k. Its current assessed value is $51.40k. This increase aligns with broader market trends, and the past sale price ranked very high (top 7%) on its street at that time, indicating it was a premium transaction for the block.

3. Is the home newer or older than surrounding houses?
Built in 1985, it is newer than about 81% of homes in the Betsworth neighbourhood, placing it in the more modern segment of this established community.

4. How does its value compare to nearby similar homes?
The assessed value of $51.40k ranks higher than most on its street (top 29%) and in the neighbourhood (top 22%), suggesting it is considered a higher-value property in this specific area.

5. What is the living space like relative to the area?
With 1,488 sqft, the living area is above average for the street and neighbourhood, ranking in the top 40% locally. This offers more interior space than many comparable nearby properties.