727 Community Row

Property Overview: 727 Community Row, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated Betsworth bungalow offers a classic and practical living arrangement on a large, mature lot. Its key features include a fully finished basement, a split garage, and over 1,000 square feet of living space in a single-story layout. The home’s primary appeal lies in its balance of space, location, and value. It sits on a lot that is significantly larger than most in Winnipeg, offering ample outdoor potential and ranking in the top 10% of the city for land size.

The property would suit first-time buyers or downsizers looking for a manageable single-level home with room to grow or garden. Its strong ranking for lot size within a well-established community also makes it a sensible long-term hold for value-conscious buyers who prioritize land over a newer build. A thoughtful perspective is that while the house itself is of average size and age for the area, the generous lot provides a rare commodity—space—which is increasingly valuable and offers options for future expansion, gardening, or simply enjoying more privacy than typical urban lots allow.

Section 2: Frequently Asked Questions

1. How does the age of the home (built in 1969) affect its condition and costs?
As a home from the late 1960s, buyers should budget for updates to major aging components like the roof, windows, or original mechanical systems. A thorough inspection is essential. The upside is that the construction of this era is often robust, and the home has likely seen some modernization over its life.

2. What does the "fully finished basement" include?
The listing confirms the basement is finished, meaning it has livable space such as recreation rooms or extra bedrooms. Specifics on layout, ceiling height, and moisture control should be verified during a viewing and inspection, as these are critical for comfort and value.

3. The lot is large, but what are the maintenance responsibilities?
An 8,400 sqft lot offers great potential but requires more upkeep for lawn care, gardening, and landscaping than a standard city lot. Buyers should consider the time and cost for maintenance or the investment to install lower-maintenance landscaping.

4. The 2022 sale price was $325,000, but the current assessment is $360,000. What does this mean?
The assessed value is for municipal tax purposes and reflects the city’s valuation. The 2022 sale price is a historical data point showing what a buyer previously paid. The current market value will be determined by present market conditions, the home's state, and buyer demand.

5. The home ranks highly for land size but lower for living area. What's the trade-off?
This highlights the property’s specific value proposition. You are acquiring a home with an above-average lot (top 10% in Winnipeg) but with interior space that is fairly typical for its neighborhood. It’s an ideal fit for those who value outdoor space and potential over a larger interior footprint.