Property Summary: 672 Community Row, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home in Betsworth, built in 1973. Its primary appeal lies in its generous, mature lot of over 11,000 sqft—a rarity that places it in the top 4% of all Winnipeg properties for land size. The home itself is of a practical size at 1,092 sqft, featuring a finished basement and an attached garage. While the house is middle-of-the-road in terms of living space and assessed value for the area, the property's standout feature is undoubtedly its expansive outdoor space, offering significant potential for gardening, recreation, or future expansion.

The home would suit buyers prioritizing land over square footage—those looking for a solid, no-frills bungalow with room to breathe and grow. It’s a strong match for first-time buyers seeking a manageable home with a large yard, or for downsizers wanting single-level living without sacrificing outdoor privacy. A thoughtful perspective is that this property offers a "blank canvas" value; the land itself is the appreciating asset, while the home provides functional shelter, allowing the new owner to add value over time in a way that suits their needs.

Frequently Asked Questions

1. How does the age of the home (53 years) affect its condition?
Built in 1973, the home is older than most in its immediate street but is around the median age for Winnipeg overall. Buyers should budget for standard maintenance and updates expected of a home from this era, but the finished basement suggests some modernization has been undertaken.

2. What does the assessment value ranking indicate?
With an assessed value ranking lower than most in its neighborhood and street, it suggests the municipality views this property's value as driven more by its land than by the structure itself. This can sometimes indicate an opportunity to add value through home improvements.

3. Is the large lot a burden or an advantage?
It's a significant advantage for privacy, space, and potential, but it does mean more yard maintenance. The lot size is a premium feature that sets this property apart from the majority in the city.

4. Who is the typical buyer in this area?
The Betsworth area, with its mix of older and newer homes on varied lot sizes, attracts a range of buyers from young families to established residents. This particular home, being a bungalow, often appeals to those seeking accessible, single-level living.

5. What are the less obvious considerations with a property like this?
Consider the sun exposure and potential of that large lot—it could be ideal for a garden, solar panels, or an addition. Also, the high land ranking paired with a modest assessment can sometimes lead to property tax savings relative to the lot's inherent value, but this should be verified.