Property Summary: 755 Community Row, Winnipeg

Key Characteristics & Appeal

This is a classic, single-storey home built in 1962, situated on a remarkably large, half-acre lot (24,961 sqft) in the Betsworth area. Its primary appeal lies in the exceptional land size, which places it in the top 1% of properties within both its immediate community and the wider city of Winnipeg. The house itself is modest at 1,084 sqft and features an unfinished basement, presenting a straightforward living space.

The property is best suited for two distinct types of buyers. First, it’s ideal for a hands-on owner or builder who sees the tremendous potential in the land itself—whether for extensive gardening, future expansion, or as a long-term hold in a desirable area. Second, it fits a practical buyer seeking an affordable entry into a well-ranked community, who values substantial outdoor space over a large or modernized home. A less obvious perspective is its appeal to those prioritizing privacy and space over turn-key convenience; the large lot offers a rare sense of retreat within the city, while the home’s unrenovated state provides a clean slate for personalization without the premium of a recent flip.

Frequently Asked Questions

1. What does the ranking data (e.g., "top 1%") actually mean?
It shows how this property compares to others in its immediate area. For example, its land size is larger than 99% of homes in its community, making the lot exceptionally spacious. Conversely, its build year is older than most in the neighborhood, indicating it's a well-established property.

2. Is the unfinished basement a drawback?
Not necessarily. While it requires investment to finish, it offers flexible storage space and the opportunity to design additional living areas (like a rec room or suite) to your own specifications, potentially adding significant value.

3. Who would this property not be suitable for?
It likely wouldn't suit buyers seeking a modern, move-in-ready home with ample finished space, or those unwilling to take on potential updates. The absence of a garage may also be a consideration for some.

4. How significant is a half-acre lot in Winnipeg?
It is very significant for a standard residential property. This lot size is uncommon and provides unusual scope for landscaping, outdoor activities, adding outbuildings (subject to bylaws), or simply enjoying generous green space.

5. The assessed value seems lower than expected given the lot size. Why?
Municipal assessments typically reflect a combination of the land value and the current state of the buildings. The assessment here likely reflects the value of the large lot balanced against the age and modest condition of the 1,084 sqft home, resulting in a value that emphasizes land over structure.