749 Community Row

Property Summary: 749 Community Row, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-established, single-storey home in Betsworth, sitting on a remarkably large, mature lot of nearly 14,000 sqft—a rare find that places it in the top tier of properties in Winnipeg for land size. The home itself, built in 1961, offers 1,116 sqft of living space with a finished basement and a detached garage. Its primary appeal lies in its exceptional outdoor space and location stability, offering a suburban feel with room for gardens, play, or expansion.

The property suits buyers who prioritize land over a large or modern house. It’s ideal for those seeking a quiet, settled neighbourhood, first-time buyers looking for a manageable footprint with room to grow outdoors, or downsizers who want a single-level layout without sacrificing yard space. A thoughtful perspective is that while the home’s age and size are average for the area, the lot represents a long-term asset and offers privacy and potential that newer subdivisions often cannot match. Its strong rankings for lot size against the wider city suggest a enduring value that isn't solely tied to the structure.

Section 2: Frequently Asked Questions

1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in its community, and across all of Winnipeg for specific metrics. For example, being in the "top 3%" for land size in Winnipeg means the lot is larger than 97% of all properties in the city, a significant advantage.

2. Is the house in need of major updates?
Built in 1961, the home is older than most in its immediate community and Winnipeg overall. While it has a finished basement, buyers should budget for potential updates to mechanical systems, windows, or interior finishes consistent with a home of this era.

3. How does the 2020 sale price relate to the current assessed value?
The property sold for $320,000 in June 2020 and is now assessed at $357,000. This indicates market growth over the period, but the final sale price is always determined by current market conditions, not the assessment.

4. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size may offer future potential (like an addition or garden suite, subject to zoning approvals) but also entails more maintenance. Property taxes may also be influenced by the land value.

5. The home size ranks lower than the lot size. Is that a concern?
Not necessarily. This profile is common for older neighbourhoods and appeals to a specific buyer. It means the living space is modest relative to the property, emphasizing outdoor living and presenting an opportunity to enlarge the home in the future if desired, making it a property where the land is the leading asset.