550 Community Row

Property Overview & Appeal

This is a well-situated, one-storey home in Betsworth on a notably large lot of over 10,000 sqft. Its primary appeal lies in this generous, private outdoor space, offering significant potential for gardening, expansion, or simply enjoying a rare degree of tranquility within the city. The home itself is modest in size at 600 sqft, featuring a finished basement and a detached garage. Its key characteristics present a distinct profile: it offers land value and location in a mature community, but the house is an older, smaller structure requiring a buyer's vision.

It ranks exceptionally well for lot size within Winnipeg (top 6%), indicating the land is its most competitive asset. Conversely, it ranks very low for living area and building age, confirming the dwelling itself is compact and historic. This property would perfectly suit a buyer looking for a land-forward opportunity—perhaps a downsizer seeking a manageable home with ample garden space, a hands-on individual interested in a gradual renovation or expansion project, or an investor who values the long-term potential of a large lot in a established neighborhood. It is not suited for those seeking a modern, move-in-ready or spacious interior without plans to alter the structure.

Key Questions for Consideration

1. Given the age and size, what is the general condition of major systems?
   Prospective buyers should prioritize inspections for the roof, foundation, plumbing, and electrical, common areas for concerns in homes of this era, to understand any immediate capital needs.

2. What are the specific possibilities for expanding or adding to the home?
   With such a large lot, understanding zoning bylaws, setback requirements, and the feasibility of an addition or new structure is crucial for buyers considering future upgrades.

3. How does the finished basement contribute to the living space?
   Clarifying the basement's layout, ceiling height, moisture control, and legal egress will determine if it functionally adds living area or is best suited for utility and storage.

4. Is the price primarily reflecting the land value?
   Given the rankings, it's likely a significant portion of the assessed value is in the land. Comparing the price to recent sales of similar-sized lots in the area can help validate this.

5. What is the neighborhood's character and future outlook?
   Researching any planned developments in Betsworth, along with the typical mix of residents (long-time homeowners, new families, etc.), will provide insight into the community's stability and evolution.