573 Community Row

Property Summary: 573 Community Row, Winnipeg

Section 1: Overview & Appeal

This property is a well-established, single-family home in Betsworth, built in 1998. Its primary appeal lies in its exceptional combination of space, location, and value. The home sits on a remarkably large, mature lot of nearly 16,000 sqft, offering significant privacy and outdoor potential that is rare in newer developments. With a finished basement and a split garage, it provides practical, flexible living space.

The home’s standout feature is its consistently high ranking across key metrics. It places in the top tier of its immediate street, wider neighborhood, and the entire city for lot size, building age, and assessed value. This indicates a property that is not only desirable within its local context but also holds strong city-wide appeal as a substantial, well-maintained asset. It suits buyers looking for a move-in ready home with room to grow, who value established communities with larger lots over brand-new construction, and who appreciate a property with proven, long-term value stability.

Section 2: Frequently Asked Questions

1. What does the high ranking in "assessed value" actually indicate?
It shows that, compared to similar homes, this property's municipal tax assessment is in the top 7% city-wide. This typically reflects a combination of its large lot, good condition, and desirable location, suggesting it is considered a premium property by assessors.

2. The home is 28 years old. What should I consider?
While ranked newer than most in its area, a home of this age will have seen key components like the roof, windows, and major mechanical systems (furnace, water heater) reach or pass their typical lifespan. A thorough inspection is crucial, but this also presents an opportunity to update these systems to modern standards on your own timeline.

3. How usable is a 16,000 sqft lot in Winnipeg?
This is a significant outdoor space. Beyond gardening, it offers ample room for additions like a large deck, a play structure, a sport court, or even future secondary structures (subject to bylaws). It also provides a greater sense of separation from neighbors, which is increasingly valuable.

4. The home ranks lower for "living area" than for lot size. Is it small?
At 1,692 sqft (plus a finished basement), it is a comfortable size, still larger than over 80% of Winnipeg homes. The ranking reflects that the exceptional lot size is the primary driver of the property's value, not sheer interior square footage. The layout and flow of the space will be key.

5. What is the benefit of a "split garage"?
A split garage, typically a double garage separated by a wall, offers more than just two parking bays. The divider provides structural stability and allows for separate, organized storage areas. It can also make it easier to finish or insulate one side as a workshop or utility space independently.