767 Municipal Road

Property Overview

This one-storey home, built in 1970, sits on a remarkably large, approximately 15,500 sqft lot in Betsworth. Its primary appeal lies in the exceptional amount of private outdoor space, which is a rare find within the city. The 1,906 sqft living area is spacious and includes a finished basement. While the home itself is of average age for the area, its key strengths are the generous interior space and, most notably, the land itself. It ranks in the top tier locally for lot size, living area, and assessed value. The property would perfectly suit buyers prioritizing yard space for gardening, recreation, or future expansion over a brand-new build. It’s also a strong match for those seeking a well-sized, single-level layout with a developed basement, offering room to grow without the premium of a modern home.

Frequently Asked Questions

1. What does the lot size actually allow for?
At nearly a third of an acre, the lot provides uncommon potential within Winnipeg for extensive landscaping, adding a detached garage or workshop, or simply enjoying significant private green space.

2. How updated is the home?
The listing confirms a finished basement but does not specify recent renovations. Given the 1970 build date, buyers should anticipate potential updates to core systems like plumbing, electrical, or the roof, which align with the home's age.

3. Is there potential to add a garage?
Yes, the vast lot size offers ample room to construct a detached garage. The absence of an existing garage is a trade-off for the expansive yard.

4. How does the 2020 sale price compare to the current assessment?
The home sold for $465,000 in August 2020 and now holds an assessed value of $497,000. This indicates steady market growth in line with broader trends over that period.

5. What are the relative strengths of this property?
Its standout features are the lot size and living area, which rank in the top 15% locally. Its age is more typical, ranking around the middle of the market. This highlights a property valued more for its space and land than for being a recently constructed home.