Property Summary: 109 Geraldine Drive
Key Characteristics & Appeal
This property stands out primarily for its generous scale and modern construction within a well-established community. The home offers 2,314 sqft of living space, which ranks in the top 5% for both the Varsity View neighborhood and the entire city of Winnipeg, providing substantial room for comfortable living. Built in 2017, it is a notably newer home in a community where the average build year is 1975, suggesting modern building standards, systems, and less immediate need for major updates.
Its appeal lies in this combination of space, modernity, and location. While the lot size is typical for the street and slightly below the neighborhood average, the home itself is a significant asset. The property tax assessment value ranks in the top 5% for the area, reflecting its perceived value relative to surrounding properties. This home would best suit buyers looking for a move-in ready, spacious property without the quirks or renovation demands of an older character home. It’s ideal for professionals or families who prioritize modern interiors and ample indoor space over a sprawling yard, all within a mature community.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors on Geraldine Drive?
The home’s assessed value is close to the street average, but its living space is significantly above average for the street. This suggests you are paying for a premium in the size and newness of the home itself compared to others on the same block.
2. What does the 2017 build year mean for me as a buyer?
A 2017 construction date places this home well beyond the typical age of homes in Varsity View. This likely translates to newer major components (roof, HVAC, windows) under modern building codes, potentially offering energy efficiency and lower near-term maintenance costs compared to the neighborhood norm.
3. The lot size seems average. Does that limit outdoor potential?
The lot is consistent with others on the street but smaller than the broader neighborhood average. This means the property’s standout feature is the house itself. The yard is certainly functional but may not cater to those seeking extensive gardens or large outdoor recreation space.
4. Why is the tax assessment so high relative to the community average?
The assessment ranks in the top 5% for Varsity View, which is directly tied to the home’s modern build year and above-average square footage. Essentially, the municipal assessment recognizes the premium value of a large, new construction home in this area.
5. How should I interpret the different ranking percentages (street, community, city)?
These rankings show the property’s position relative to different comparison groups. For example, its living space is excellent city-wide (top 5%), but its lot size is more notable at the city level than within the specific neighborhood. This layered data helps identify where the property’s strengths are most pronounced.