Property Overview & Key Characteristics
This 1974 two-storey home in Varsity View sits on a large, 6,119 sqft lot, offering a sense of space that is increasingly rare in established neighbourhoods. With 1,560 sqft of living space and a finished basement, it provides practical, multi-level living. Its key appeal lies in its balanced position: it offers more interior space and a larger yard than many area homes, while its updated assessment value suggests solid fundamentals. The property ranks highly for its lot size, age, and living area within its immediate street and the wider city, indicating a home that outperforms many peers on these tangible metrics.
It would suit a buyer looking for a classic family home layout with room to grow or garden, and who values a quiet, established community close to university amenities. It’s particularly suited for those who see potential in a well-maintained older home and appreciate the character and maturity of a 52-year-old property, rather than seeking a new build. A thoughtful perspective is that while the home ranks in the middle of its local pack for assessed value, its stronger rankings for size and lot suggest it may offer a better "value-per-square-foot" proposition than the raw assessment ranking implies.
Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings show how this property compares to others on specific metrics. For example, its living area is larger than 75% of Winnipeg homes, indicating above-average interior space, while its lot size is a standout feature on its street.
2. What does the assessment value tell me?
The municipal assessment of $415,000 is used for calculating property taxes and provides a benchmark. It suggests the city’s valuation sits in the middle range for the street but higher for the broader area, which can be a starting point for understanding its market position.
3. What are the implications of a finished basement?
A finished basement immediately adds usable living space, which could be used as a family room, home office, or guest area without requiring a renovation project. It adds functional value from day one.
4. Is the age of the home (1974) a concern?
While the home is well-maintained, its age means prospective buyers should pay special attention to the condition of major systems like roof, windows, plumbing, and electrical during an inspection, as these may be nearing or past their typical lifespans.
5. Who might this home not suit?
It may not suit buyers seeking a modern, open-concept layout or zero-maintenance living. The two-storey design and the age of the home imply a willingness to manage potential upkeep and appreciate a more traditional room division.