803 Municipal Road

Property Overview

This 1974-built, single-storey home at 803 Municipal Road in Winnipeg’s Betsworth area presents a compelling opportunity defined by its generous land and solid foundation. Its primary appeal lies in its exceptionally large, approximately 15,442 sqft lot, which places it in the top 2% of all properties in Winnipeg for land size. The 1,717 sqft living area is also notably spacious, ranking within the top 18% citywide. While the home itself is over 50 years old and has an unfinished basement, it sits on a property that offers immense potential for expansion, gardening, or outdoor recreation. This property would suit a buyer looking for a solid, no-frills home with a truly premium-sized lot—perfect for a family seeking space to grow, a hobbyist, or a long-term investor who values land over immediate luxury. It’s a property where the real value is underfoot, offering a blank canvas for future renovation or development.

Key Questions for Consideration

1. What does the "unfinished basement" entail, and what would be required to finish it?
   Prospective buyers should inquire about the current state of the basement—including ceiling height, moisture control, and the rough-in status for plumbing—to accurately budget for potential development.

2. Given the age of the home, what major systems (roof, windows, HVAC, plumbing) have been updated?
   Understanding the replacement history of these key components is crucial for anticipating near-term maintenance costs and evaluating the home's overall condition.

3. Are there any restrictions or bylaws affecting the use of such a large lot?
   It’s wise to verify with the city if the lot is subject to any specific zoning regulations, easements, or heritage designations that might affect plans for additions, outbuildings, or subdivision.

4. How does the municipal assessment compare to the asking price?
   With an assessed value of $408,000, buyers can use this as a baseline to understand the current tax valuation and begin discussions on the property's market price.

5. What is the character of the immediate neighborhood and street?
   Beyond the statistics, getting a feel for the community’s vibe, traffic patterns, and the mix of homes (e.g., renovated originals vs. new builds) will help determine if the area aligns with the buyer's lifestyle.