558 Community Row

Property Overview & Appeal

This 2000-built, one-storey home in Betsworth sits on a large, 10,000+ sqft lot, offering a rare combination of space, modern age, and established value. Its key appeal lies in its above-average size—both in living area (1,841 sqft) and land—coupled with a finished basement and attached garage. The home ranks exceptionally well for its assessed value, lot size, and newer construction age compared to most of Winnipeg, indicating strong market fundamentals. It suits buyers looking for a spacious, single-level living layout in a mature neighbourhood, particularly those who prioritize a large yard and a home that is modern enough to avoid major immediate renovations but established within a settled community. A thoughtful perspective is that this property offers a "best of both worlds" scenario: it's newer than most homes in the city, which can mean fewer legacy maintenance issues, yet it's on a lot size that is increasingly uncommon in newer subdivisions, providing room to grow or enjoy outdoor privacy.

Potential Buyer FAQs

1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate street, broader neighbourhood, and all of Winnipeg. For example, being newer than 97% of homes on its street and having a higher assessed value than 94% of Winnipeg homes are strong indicators of its relative desirability and benchmark value.

2. Is the finished basement included in the 1,841 sqft living area?
Typically, the listed "living area" (1,841 sqft) refers to above-grade, heated space. The finished basement is an additional bonus area, adding functional square footage for recreation, guests, or storage.

3. The home is 26 years old. What major systems might need attention?
While newer than most of the housing stock, key components like the roof, HVAC system, and major appliances are likely at or approaching their typical lifespans. A thorough inspection is recommended to assess their remaining service life.

4. How does the large lot size benefit me practically?
Beyond privacy and space for play or gardens, a lot of this size (over 1/4 acre) offers flexibility for future additions like a shed, deck, or patio. It also often contributes significantly to the property's long-term value and appeal.

5. The home ranks very high for value. Does that mean it's priced fairly?
The high ranking (top 6% in Winnipeg) for assessed value suggests the municipal assessment is strong relative to the market. However, the sale price is determined by the current market. This high assessment is a positive data point, indicating a solid foundation of value, but it is not a direct guarantee of the listing price.