5571 Betsworth Avenue

Property Overview: 5571 Betsworth Avenue

Section 1: Key Characteristics & Appeal

This is a well-established, single-story home on a large, mature lot in Winnipeg's Betsworth area. Built in 1978, its primary appeal lies in its generous land size of nearly 8,700 sqft, which places it in the top 20% of lots on its street and offers significant outdoor space and potential. The home itself is a practical 1,080 sqft bungalow with a finished basement and a detached garage.

Its strongest suit is space and relative value. The property outperforms most Winnipeg homes for lot size (top 9%) and is newer than most in its immediate neighborhood (top 10% on its street). It suits buyers looking for a solid, no-frills foundation—whether it's a first-time homeowner wanting room to grow, someone seeking a manageable single-level layout, or an investor/value-conscious buyer who sees potential in the sizable lot. The appeal is less about the home's current footprint and more about the established location and the possibilities that come with such a large parcel of land.

Section 2: Frequently Asked Questions

1. What is the neighborhood like?
The home is in the Betsworth area. The rankings indicate it's a well-established neighborhood where this property holds its own, particularly regarding lot size and the age of the home compared to its direct neighbors.

2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.

3. How does the 2017 sale price relate to the current assessment?
The home sold for $340,000 in 2017 and now has a municipal assessment of $400,000. This increase reflects market changes and assessment methodology over seven years, but the final market value will be determined by current conditions.

4. What are the main considerations for maintenance?
As a home built in 1978, prospective buyers should pay particular attention to the age and condition of major systems like the roof, windows, furnace, and plumbing, which may be nearing or past their typical lifespan.

5. What does the "ranking" data actually mean?
The rankings are a relative comparison tool. For example, being in the "top 9% in Winnipeg" for lot size means 91% of Winnipeg homes sit on a smaller lot. It's a quick way to gauge this property's standout features (like its land) against the broader market.