Property Overview: 640 Charleswood Road

Key Characteristics & Appeal

This 1958 three-level split home sits on a notably large, mature lot of approximately 12,000 square feet in Winnipeg's Betsworth area. Its primary appeal lies in this generous outdoor space, offering significant potential for gardening, recreation, or future expansion. The home itself features a renovated basement and a living area just over 1,000 square feet. While the structure is older, its build year is newer than most on its street and in the wider neighbourhood, suggesting a degree of relative durability. The property does not have a garage or pool.

Its value proposition is grounded in space and location rather than high-end finishes. It suits practical buyers looking for a solid footprint in a well-established area—particularly those who prioritize land size over a move-in-ready modern home. It would appeal to first-time buyers seeking a manageable house with a blank-canvas yard, or to long-term residents valuing the stability and larger lot sizes found in mature neighbourhoods. A less obvious perspective is its potential for multi-generational living or a home-based business, facilitated by the separate basement entrance and the lot's size and orientation.

Frequently Asked Questions

1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on the scope, quality, and permits should be verified by a buyer's inspection. It's important to clarify the finish, ceiling height, and whether it includes a separate entrance or kitchenette potential.

2. How does the lack of a garage impact daily life and value?
There is no garage, so parking and storage will rely on the driveway and the home's internal storage solutions. This is a common trade-off in older neighbourhoods and factors into the price, but buyers should plan for vehicle protection and tool/equipment storage.

3. The assessed value is lower than the 2021 sale price. What does this mean?
The current assessed value is $36.2k, while it sold for $40.5k in 2021. Municipal assessments for tax purposes don't always equal market value. This gap warrants research into recent area sales and any changes to the property or market conditions since 2021 to understand current value.

4. Is the large lot a benefit for future expansion?
The 12,001 sqft lot is a major asset and is significantly larger than many in Winnipeg. While it offers clear potential for additions, decks, or pools, any expansion requires checking current zoning bylaws, setback requirements, and obtaining the necessary city permits.

5. The home ranks highly for "year built" on its street. Is that important?
Being built in 1958 makes it newer than 90% of homes on Charleswood Road. This could imply updates to original building materials or systems compared to even older homes, but a thorough inspection is still crucial to assess the condition of the roof, plumbing, electrical, and foundation for a house of this age.