689 Municipal Road

Property Summary: 689 Municipal Road, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home on a notably large, mature lot in the Betsworth neighborhood. Built in 1969, its primary appeal lies in its generous 10,245 sqft land parcel, which offers significant space and privacy—a rarity compared to many modern subdivisions. The home itself features a finished basement and a split garage, providing practical living and storage space. Its competitive rankings highlight a key strength: the property’s lot size surpasses 94% of all homes in Winnipeg, indicating exceptional outdoor potential. The appeal is grounded in space and stability rather than modern luxury. It would suit a buyer looking for a solid, no-frills home with room to grow, garden, or expand, or an investor who recognizes the long-term value of land. It’s particularly suitable for those who prioritize outdoor space over a newly built interior and are comfortable with a home that has character and a history.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate area and across Winnipeg. For example, being in the top 6% for lot size city-wide means the yard is exceptionally large, while the lower rankings for building age indicate the home itself is older than many in the area.

2. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. A buyer should verify its current configuration and legal status with the municipality if rental income is a goal.

3. What are the implications of a 1969 build year?
While the home has proven durability, systems like roofing, plumbing, and electrical are likely original or older. A thorough inspection is advisable to budget for potential updates or maintenance.

4. How does the large lot impact costs and possibilities?
A lot of this size offers great potential for gardening, recreation, or future additions like a shed or deck. However, it may also mean higher landscaping maintenance costs and water bills. It’s worth checking zoning bylaws for any expansion or subdivision potential.

5. The value assessment seems lower than expected for such a large lot. Why?
Municipal assessments often reflect a mass appraisal formula and may not capture full market potential or recent renovations. The assessed value is a starting point for taxes; the market price is determined by what buyers are willing to pay for the unique combination of land size and existing home.