815 Community Row

Property Overview: 815 Community Row, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home on an exceptionally large, half-acre lot in the Betsworth area. Built in 1964, the 1,056 sqft residence features a finished basement and a detached garage. Its primary appeal lies in its expansive 22,236 sqft land parcel, which places it in the top 1% of properties in Winnipeg for lot size. This offers immense potential for gardening, recreation, or future expansion. The home itself presents a solid, move-in-ready foundation in a mature neighbourhood.

The property suits two main types of buyers: first, those seeking a generous outdoor space for privacy, family activities, or hobbyist projects without leaving the city. Second, it appeals to value-conscious buyers or renovators looking for a home with a strong "good bones" foundation on a lot that is increasingly rare to find, where the land itself represents a significant long-term asset. While the house is modest in size and of an older vintage, its high rankings for lot size and assessed value suggest it is a standout property within its immediate area.

Frequently Asked Questions

1. What does the "finished basement" include?
The listing confirms a finished basement, which adds functional living space. Prospective buyers should inquire about the finish quality, ceiling height, and whether it includes a separate entrance or bathroom to understand its full utility.

2. The lot is huge. Are there any restrictions on its use?
With over half an acre, it's wise to verify zoning bylaws with the city regarding potential uses like adding a secondary suite, building a large workshop, or subdividing the lot, as regulations will dictate what is possible.

3. How does the older construction year affect the home?
Built in 1964, the home likely has older mechanical systems (like plumbing, electrical, and heating) and may lack modern insulation standards. A thorough inspection is crucial to budget for any necessary updates or to understand its energy efficiency.

4. The home's size ranks lower than the lot size. Is it cramped?
At 1,056 sqft plus a finished basement, the living space is modest. The floor plan's efficiency and how the finished basement integrates with the main floor will be key to whether the home feels cozy or constrained for a buyer's needs.

5. The assessed value is high relative to the community. What does that mean?
The assessment of $434,000 ranks higher than most homes in Winnipeg, reflecting the city's valuation of the entire property, heavily influenced by the valuable lot. It is a formal benchmark, but the market price will be determined by current buyer demand and the home's condition.