734 Community Row

Property Overview & Key Characteristics

This is a well-maintained, single-story home in Betsworth, built in 1971. Its primary appeal lies in its generous, mature lot of over 7,100 sqft—a significant size that offers space and privacy uncommon in many newer subdivisions. The home itself features 1,190 sqft of living space and a finished basement, providing practical, single-level living with extra room for family, hobbies, or storage.

The property’s standout feature is its strong value position within Winnipeg. It ranks in the top 15% of the city for lot size and the top 29% for its recent 2023 sale price, indicating it is perceived as a substantial property in a desirable market segment. Its 2023 sale at $430,000, notably above the current assessed value, suggests a competitive and appreciating market for homes of this type. This home would suit first-time buyers looking for a move-in-ready property with room to grow, downsizers seeking single-level convenience without sacrificing yard space, or value-oriented investors attracted by its solid fundamentals and demonstrated market performance.

Frequently Asked Questions

1. How does the 55-year age of the home affect its value?
While older, the home’s recent sale history shows strong market demand. Key systems like the roof, windows, and furnace should be verified for age and condition, as updating these can be part of long-term maintenance planning.

2. The home lacks a garage. Is that a major drawback?
For some buyers, yes. However, the very large lot presents a clear opportunity to add a detached garage or workshop in the future, which could further increase the property's utility and value.

3. What do the percentile rankings actually mean?
They show how this property compares to others. For example, ranking "in the top 15% in Winnipeg for lot size" means 85% of Winnipeg properties have a smaller lot. It's a quick way to see this home's competitive strengths, particularly its above-average lot and recent sale price.

4. Why did it sell for significantly more than its assessed value in 2023?
Municipal assessments for tax purposes often lag behind fast-moving market values. The sale price is a direct reflection of what buyers were willing to pay in a competitive market, confirming that the market valuation exceeds the official assessment.

5. Is the finished basement included in the 1,190 sqft living area?
No. The 1,190 sqft refers to the above-ground living space. The finished basement is an additional area, adding functional square footage to the overall usable space of the home.