742 Community Row

Property Overview & Appeal

This 1971-built, three-level split home on a generous 7,197 sqft lot offers a classic Betsworth layout with a finished basement. Its key appeal lies in its established, quiet neighbourhood setting and its relative value within the broader Winnipeg market. The home ranks highly for its above-average lot size and overall value compared to the entire city, placing it in the top 15% and 45% respectively. It suits practical buyers looking for a solid starter home or a long-term residence with space to grow into, particularly those who prioritize lot size and city-wide value over having the newest or largest house on their specific block. A thoughtful perspective is that while it may be average-sized within its immediate community, the large lot presents a canvas for future expansion, gardening, or outdoor living that is increasingly rare in newer subdivisions.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings compare this home against others on its street, in Betsworth, and across all of Winnipeg. They show it has a competitively large lot and offers good value city-wide, though it's an older, average-sized home within its own neighbourhood.

2. Is the finished basement included in the 1,157 sqft living area?
Typically, the listed living area (sqft) refers to above-grade, heated space. The finished basement is an additional area, adding functional living space not reflected in that main square footage figure.

3. The home is older; what should I budget for updates or maintenance?
Built in 1971, major systems like the roof, windows, plumbing, or electrical may be at or beyond their typical lifespan. A thorough inspection is crucial, and budgeting for modernizations or preventative maintenance is a prudent next step.

4. There's no garage; what are the parking options?
The property listing shows no garage. You would rely on driveway and street parking. It's advisable to check local bylaws for any street parking restrictions.

5. How does the assessment value relate to the likely selling price?
The municipal assessment of $365,000 is for tax purposes and is a historical snapshot. The market sale price is determined by current buyer demand, condition, and comparable recent sales, and can be higher or lower than the assessed value.