This 1978-built, one-storey home in Varsity View sits on a generous 5,553 sqft lot and offers 1,236 sqft of living space with a finished basement and an attached garage. Its core appeal lies in a balanced offering of space, location, and value. The large lot is a standout feature for the neighbourhood, providing ample outdoor potential. While the home itself ranks around the middle of the pack in terms of size and assessed value for the area, its lot size and newer build date (relative to many area homes) give it a competitive edge. It represents a practical, grounded opportunity in a well-established community.
This property would suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard space. It’s also a sensible fit for value-oriented buyers who see potential in a solid, late-70s home on a large lot, whether for gradual updates or long-term stability.
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What is the true value proposition here? The data suggests you are primarily buying the land and location. The house ranks moderately for size and value in its immediate area, but the lot is larger than most and the property is newer than many in Winnipeg. The appeal is a balanced, no-frills package.
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How might the finished basement affect living space? The finished basement adds flexible space, which is a significant asset for a 1,236 sqft main floor. It’s ideal for a recreation room, home office, or guest area, effectively expanding the home's usable footprint.
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What does the "newer" build year mean for a 1978 home? While 48 years old, it's newer than over 60% of homes in Winnipeg. This can imply updated building standards for its era and potentially less immediate concern for major aging-infrastructure issues compared to much older stock, though a thorough inspection remains essential.
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Is the lot a benefit or a burden? The large lot (over 5,500 sqft) offers great potential for gardening, play, or expansion, and is a rarity. However, it also means more yard maintenance. Buyers should weigh their desire for outdoor space against the responsibility of upkeep.
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Who is the competition in this market segment? The rankings indicate this home competes well city-wide but faces stiffer competition within its own community. It’s positioned for buyers who find newer, larger, or more updated homes in Varsity View out of budget, but who want a solid alternative with a sizeable lot.