701 Municipal Road

Property Overview

This well-established one-storey home on a large, 10,490 sqft lot presents a classic and spacious Betsworth property. Built in 1970, its key appeal lies in its generous land size, which ranks within the top 5% of all Winnipeg lots, offering significant outdoor space and potential. The home features a finished basement and a split garage. While the living area is a modest 1,148 sqft, the property's overall value is anchored by its land. It ranks highly for lot size within its community and city-wide, but is more average in terms of building age and interior space for the area. This property would suit a buyer looking for a solid, no-frills home with a large yard for gardening, recreation, or future expansion, who values space over a modern build. It’s a practical choice for those who see the land itself as the primary asset and are comfortable with a home that has character and may require personal updates over time.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Betsworth, and across all of Winnipeg. For example, its lot size is in the top 5% city-wide, meaning it's larger than 95% of Winnipeg properties. Conversely, its building age is newer than only 48% of city homes, indicating it's an older structure.

2. Is the finished basement included in the 1,148 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-grade square footage. The finished basement is an additional feature, providing extra living space not reflected in that main figure.

3. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size (nearly a quarter-acre) could allow for additions like a large shed, workshop, or even a future garden suite (subject to zoning and permits). It also likely means higher maintenance but offers long-term flexibility.

4. How does the assessment value relate to the asking price?
The city's assessed value for tax purposes is $391,000. This is a municipal valuation and is often, but not always, lower than the current market price. It's a useful benchmark, but the final sale price will be determined by market conditions.

5. What is a "split garage"?
A split garage, often called a tandem garage, is configured so that one car parks behind the other, rather than side-by-side. It provides two parking spaces under one roof but requires moving one vehicle to access the other.