719 Community Row

Property Overview: 719 Community Row, Winnipeg

This 1969-built, single-story home in Betsworth offers a practical and spacious living proposition on a large, 8,402 sqft lot. Its key appeal lies in the balance of established neighborhood character and the tangible value of its generous land parcel. With 1,040 sqft of living space and a finished basement, it provides functional room for daily life.

The home’s standout characteristic is its land size, which ranks within the top 10% of all Winnipeg properties, suggesting significant outdoor space and potential. This contrasts with its more modest rankings in terms of living area and assessed value within its immediate community, positioning it as a property where the inherent value may be more in the land than in the current structure. It recently sold for $350,000, slightly above its $342,000 assessment.

This property would suit a value-conscious buyer looking for a solid starter home with room to grow outdoors, or an investor/renovator who sees potential in the substantial lot. It’s less suited for those seeking modern finishes or top-tier rankings in interior space within the neighborhood.

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 Winnipeg. They show its greatest strength is lot size (top 10% city-wide), while the house itself is more average or below average for its specific community in terms of size, age, and assessed value.

2. Is the finished basement included in the 1,040 sqft living area?
Typically, the main living area (1,040 sqft) and finished basement are listed separately. The 1,040 sqft refers to the above-ground living space. The basement adds additional finished square footage.

3. The house ranks lower for age in the community. Should I be concerned?
Built in 1969, it’s older than 85% of homes in Betsworth. This isn’t inherently a concern but indicates the neighborhood has newer builds. It underscores the importance of a thorough inspection to understand the condition of major systems like roof, wiring, and plumbing.

4. Why did it sell for more than its assessed value?
The recent sale price of $350,000 versus a $342,000 assessment is a minor difference. It often reflects current market demand, the property’s specific condition on sale day, and the high value buyers may place on the very large lot.

5. What are the less obvious pros and cons of a large lot like this?
A pro is the exceptional privacy, space for gardens, play, or future additions like a garage or deck. A less obvious con is the higher maintenance (more lawn to mow, more yard to manage) and potentially higher property taxes tied to the land value.