707 Community Row

Property Summary: 707 Community Row, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated Betsworth bungalow offers a classic and spacious family layout on an exceptionally large, mature lot. Its key features include 1,335 sqft of living space, a finished basement, and an attached garage. Built in 1970, the home presents a solid opportunity for buyers seeking a established property with room to grow or personalize.

The primary appeal lies in its generous land size of over 11,000 sqft, which ranks in the top 4% of all Winnipeg properties, offering rare suburban space and privacy. The home’s recent sale in February 2024 for $463,000, significantly above its assessed value, suggests strong market recognition for the lot and location. It particularly suits buyers who prioritize outdoor space over a brand-new build—ideal for gardeners, families wanting a large play area, or those planning future additions. The one-storey design also appeals to those looking for accessible living or who prefer to avoid stairs. While the structure itself is older, its competitive rankings for lot size and recent sale price within its community indicate a property valued more for its land and fundamentals than modern finishes.

Section 2: Frequently Asked Questions

1. What is the significance of the property rankings provided?
The rankings show how this home compares to others in its immediate area. For example, its lot size is in the top 16% of the neighborhood and top 4% city-wide, a major advantage. However, its build year is older than most in the community, which is a trade-off for the land size.

2. The home recently sold for well above its assessed value. What does this indicate?
This typically means the market valued specific attributes—likely the huge lot and location—higher than the municipal assessment formula did. It sets a strong, recent benchmark for the property’s market value.

3. Is the basement included in the 1,335 sqft living area?
No, the 1,335 sqft refers to the above-ground living space of the bungalow. The finished basement is an additional area, adding functional space like recreation rooms or extra bedrooms.

4. What are the potential considerations with a 1970s-built home?
While offering solid construction, buyers should budget for updates to major aging components like the roof, windows, or mechanical systems. The interior style may also be dated, requiring cosmetic updates.

5. How does the lot size impact maintenance and costs?
A lot of this scale requires more time and expense for landscaping, lawn care, and snow clearing than a standard lot. However, it offers unparalleled space for activities, gardening, or future projects like a shed or expanded patio.