7 Moorstead Bay

Property Summary: 7 Moorstead Bay

Key Characteristics & Appeal

This is a spacious, well-established family home in the Betsworth area of Winnipeg. Built in 1985, it is a classic 4-level split design offering nearly 2,000 square feet of living space on a large, 7,478 sqft lot. The home features an unfinished basement and an attached garage. Its appeal lies in its generous proportions, both indoors and out, providing room to grow and personalize. The property ranks notably high city-wide for its above-average living area and lot size, placing it ahead of most Winnipeg homes in these practical categories.

It would best suit a buyer looking for a solid, spacious canvas—perhaps a growing family, a multi-generational household, or a handy homeowner who values space over turn-key finishes. The unfinished basement is a key feature, representing both a project and an opportunity for future customization or an income suite (subject to permits). While the interior may reflect its era, the rankings suggest the home offers more physical space than most in the city, which is a lasting value that can be updated over time. It’s a property for those who prioritize square footage and land over newness, seeing the potential in a home that has been well-maintained for over four decades.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings compare this home to others on its street, in Betsworth, and across all of Winnipeg. Key takeaways are that it offers more living space than 90% of Winnipeg homes and sits on a larger-than-average lot. Its assessed value is higher than 82% of city homes, but it's older than about two-thirds of them, indicating you're paying for space and location rather than a recent build.

2. Is an unfinished basement a drawback?
It depends on your goals. It means immediate additional storage or utility space, but finishing it will require investment. For a buyer wanting to customize a rec room, workshop, or potential rental suite exactly to their taste (and on their own timeline), it can be a positive. It's essential to budget for this project and investigate permit requirements for any major changes.

3. What should I know about a 4-level split from 1985?
This style maximizes space on a footprint and often creates distinct living zones, which families can appreciate. Being 41 years old, a thorough inspection is crucial to assess the condition of major systems like roof, windows, plumbing, and electrical, which may be original or nearing the end of their service life. The layout may feel compartmentalized compared to modern open-concept designs.

4. The lot is large. What are the implications?
A nearly 7,500 sqft lot provides excellent outdoor space for gardens, play, or entertaining. It also means more yard maintenance. Future potential could include additions like a shed or deck, but always check local zoning bylaws and setback requirements before planning.

5. How does the assessed value relate to the likely selling price?
The assessed value ($498,000) is for municipal tax purposes and is a historical snapshot. The current market price is determined by recent sales of comparable homes, current demand, and the home's condition. It serves as a reference point, but a real estate agent can provide a more accurate market valuation based on active listings and recent sales.