661 Municipal Road

Property Overview & Key Characteristics

This is a well-maintained, one-storey bungalow on a generous 8,154 sqft lot in Betsworth. Built in 1959, its primary appeal lies in its established, spacious setting and functional layout. The home features 1,229 sqft of living space, a finished basement, and a detached split garage. The data suggests a property that offers solid value and space relative to much of Winnipeg, outperforming 89% of the city in lot size. Its appeal is grounded in practicality: it's a home with room to breathe, without the premium of a newer build. It would suit first-time buyers seeking a manageable single-level layout on a large lot, or value-oriented buyers looking for a home with established character and the potential to personalize over time. A thoughtful perspective is that while the home itself is average-sized for its neighborhood, the lot size is a significant and less common asset, offering rare outdoor space and future possibilities that many newer subdivisions cannot match.

Frequently Asked Questions

1. How does the age of the home affect its condition and costs?
Built in 1959, the home is part of Winnipeg's established housing stock. While it has been maintained, prospective buyers should budget for updates common to homes of this era, such as roofing, windows, or mechanical systems. A thorough inspection is essential to understand its current state.

2. What does the "finished basement" entail?
The listing confirms a finished basement, which adds valuable flexible living space. It's important to clarify the finish quality, ceiling height, moisture control, and whether it includes a separate entrance or additional bedrooms.

3. The lot is large, but how is it shaped and positioned?
At over 8,000 sqft, the lot is a major feature. Understanding its shape (wide vs. deep), orientation (for sun exposure), and any notable landscaping or mature trees will help assess its use for gardening, recreation, or future expansion.

4. What is the significance of the neighborhood and street rankings provided?
The data shows a mixed picture: the property ranks very high for lot size city-wide but lower for assessed value within its own community. This can indicate it's a solid value proposition in the broader market but may be priced above many immediate neighbors, suggesting factors like superior lot size, condition, or specific upgrades.

5. The last sale was in 2020 for $313,000; how does that inform the current price?
The 2020 sale price provides a recent benchmark. The current assessed value of $350,000 reflects market changes and municipal valuation over four years. This history is useful for tracking appreciation, but the final market price will be determined by current conditions, the home's updated state, and buyer demand.