518 Community Row

Property Overview & Key Characteristics

This is a spacious, single-storey home in Betsworth, built in 1953. Its primary appeal lies in its generous, mature lot of over 16,500 square feet—a rarity that places it in the top 2% of all Winnipeg properties for land size. The home itself offers a comfortable 1,521 sqft of living space with a finished basement and a split garage. While the house is well-maintained, its true value is anchored in the land, offering significant privacy and outdoor potential compared to typical suburban lots.

The property would best suit a buyer who prioritizes space and privacy over a modern, turn-key home. It’s ideal for someone with a vision for gardening, outdoor living, or future expansion. The rankings indicate it’s in a desirable location within its community, but the older build year suggests the interior may require updates. This is a solid choice for a hands-on buyer, a growing family seeking room to play, or someone looking for a long-term investment in a well-established neighbourhood where the land itself is the appreciating asset.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg. For example, its land size is in the 98th percentile city-wide, meaning it's larger than 98% of properties. Conversely, its 1953 build year is older than 72% of Winnipeg homes, providing important context on its age relative to the market.

2. Is the finished basement included in the 1,521 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-grade square footage. The finished basement is an additional bonus space, not included in that 1,521 sqft figure.

3. The lot is huge. Are there any restrictions on what I can build?
With a lot of this size, there is potential for additions, a garden suite, or extensive landscaping. However, any major changes would require checking with the city for zoning bylaws, heritage designations (unlikely but possible for a 1953 home), and permit requirements.

4. How does the assessment value relate to the asking price?
The municipal assessment of $366,000 is for tax purposes and is often, but not always, lower than market value. It reflects the city's valuation of the property and land as of its last assessment date, not necessarily current market conditions. The listing price will be set by the seller based on recent comparable sales and market demand.

5. What are the less obvious considerations with a property of this age?
While systems like roof, plumbing, and wiring may have been updated, a 73-year-old home warrants a thorough inspection. The large lot, while a major benefit, also implies higher maintenance (lawn care, tree management) and potentially higher water usage costs. The charm and established neighbourhood come with the responsibility of managing an older structure and a vast outdoor space.