Property Overview
This 1987-built, one-storey home on a large 6,976 sqft lot in Varsity View offers a practical and spacious family layout. Its key characteristics include 1,742 sqft of living space, a finished basement, and an attached garage. The appeal lies in its above-average lot size and the efficient use of space, providing room to grow without the maintenance of a two-storey home. The property shows strong city-wide rankings for lot size, living area, and assessed value, indicating it is a competitively sized home within the broader Winnipeg market.
It would suit first-time buyers or downsizers looking for single-level living in a established neighbourhood, as well as families who prioritize a large, private yard over a newer build. A thoughtful perspective is that while the home is older, its rankings suggest it outperforms many peers in terms of space and value, offering a "more house and land for the money" proposition in a mature area.
Frequently Asked Questions
Q: How does the age of the home affect its value and appeal?
A: Built in 1987, it's a mature home that may require updates, but its strong rankings for size and value show it remains competitive. It appeals to those seeking established neighbourhoods and larger lots, which are often found in older areas.
Q: What do the ranking percentages actually mean for a buyer?
A: They show how this property compares to others. For example, ranking in the top 17% in Winnipeg for living area means it is larger than 83% of homes in the city, a significant advantage for space-seekers.
Q: Is the finished basement included in the listed living area?
A: Typically, the listed living area (1,742 sqft) refers to above-grade space. The finished basement is an additional bonus area, adding functional space like a rec room or extra bedrooms.
Q: Who would this property not be suitable for?
A: It may not suit those seeking a modern, move-in-ready home without any projects, or buyers who prioritize a brand-new neighbourhood aesthetic over established character and lot size.
Q: The assessment is $523k. Is that the likely selling price?
A: Not necessarily. The assessed value is for municipal tax purposes. The market price is determined by current conditions, buyer demand, and the home's specific state, and can be higher or lower.