595 Community Row

Property Overview & Key Characteristics

This home at 595 Community Row is a classic two-storey house in the Betsworth area, built in 1956. Its primary appeal lies in its generous, mature lot of over 15,000 sqft—a rare find that places it in the top tier of properties locally for land size. The house itself offers 1,398 sqft of living space with a finished basement and a combined attached/detached garage setup. While the structure itself is from the mid-century, its recent market performance shows strong value appreciation, with its current assessed value aligning closely with a sale price from 2021.

The property would best suit a buyer who prioritizes outdoor space and long-term potential over a move-in-ready modern home. It's ideal for someone with a vision for gardening, expansion, or simply enjoying a large, private yard. It also appeals to the value-conscious buyer who recognizes the inherent worth of a large lot in a well-ranked community, understanding that the home itself presents a solid foundation for updates personalized to their taste. This isn't a generic new build; it's a property with established roots and tangible room to grow.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in the Betsworth community, and across all of Winnipeg. For example, its land size ranks in the top 2% city-wide, which is exceptional. Conversely, its build year is older than most, so a buyer should anticipate the maintenance typical of a 70-year-old home.

2. The assessed value is close to the 2021 sale price. Does that mean it hasn't increased in value?
Not necessarily. The 2021 sale was likely near peak market prices. The current assessment holding close to that price, especially following the significant jump from its 2020 sale, suggests the property has retained its value well in a changing market, with the land being a major stabilizing factor.

3. Is the "combined" garage a significant feature?
Yes. Having both an attached and a detached garage offers unusual flexibility. It can accommodate multiple vehicles, create dedicated space for a workshop or hobby area, and provides storage solutions separate from the main house—a practical asset for families or enthusiasts.

4. The house ranks lower for "newness." What are the main considerations?
A home from 1956 will have older building systems, materials, and layout styles. Prospective buyers should budget for updates to plumbing, electrical, or windows, and consider an inspection to evaluate the roof and foundation. The charm and lot size come with the responsibility of ongoing upkeep.

5. Why did the value increase so much between 2020 and 2021?
This sharp increase likely reflects both the unprecedented surge in the broader real estate market during that period and buyers recognizing the premium value of the property's very large lot. It highlights how underlying assets (land) can drive significant gains.