628 Community Row

Property Overview: 628 Community Row, Winnipeg

This 1971 bi-level home in Betsworth presents a practical opportunity in Winnipeg's housing market. Its primary appeal lies in offering a generous, established lot and a functional layout at a value-conscious price point. The home features 829 sqft of living space, a fully finished basement, and a split garage, all situated on a large 8,376 sqft property. While the interior space is modest, the significant lot size—ranking in the top 10% for Winnipeg—provides ample room for gardening, recreation, or future expansion.

The property would suit first-time buyers seeking an entry into the market with outdoor space, or value-focused investors looking for a rental property with a stable assessment history. Its strong city-wide ranking for lot size is a notable asset, contrasting with its more average rankings for living area and recent sale price within the neighborhood. This suggests the land itself is a key component of its value. A thoughtful perspective is that this home offers the "bones" and space for personalization over time, appealing to those who see potential beyond the current footprint and are comfortable with a home from the 1970s.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Betsworth, and across all of Winnipeg. For example, its lot size ranks in the top 10% city-wide, meaning it's larger than 90% of Winnipeg properties. Conversely, its living area is smaller than most comparable listings.

2. Is the finished basement included in the 829 sqft living area?
Typically, the listed living area (829 sqft) refers to above-ground, finished space. The presence of a fully finished basement adds additional usable living space that is not reflected in that primary square footage figure.

3. How does the 2020 sale price relate to the current assessed value?
The home sold for $312,000 in September 2020. The current assessed value is $361,000. This increase reflects market changes and the city's assessment for tax purposes, but the final sale price is always determined by the current market.

4. What are the implications of a 1971 build year?
A home of this age will likely have systems (like roofing, windows, or plumbing) that are at or beyond their typical lifespan. This underscores the importance of a thorough inspection, but also represents a classic, straightforward build style from that era that many find appealing and easy to renovate.

5. Who might this property not be suitable for?
It may not suit buyers seeking a modern, move-in-ready home with ample interior square footage, or those unwilling to potentially update older components. The bi-level design also requires stairs to access the main living area, which is a consideration for some.