Property Overview & Appeal
This 1987 two-storey home in Varsity View offers a classic layout with modern livability on a large, mature lot. Its key characteristics include a fully finished basement, an attached garage, and a generous 2,149 sqft of living space, which ranks it within the top 10% of homes in the neighborhood for size. The property sits on a substantial 7,752 sqft lot, providing ample outdoor space. Its appeal lies in a balanced combination of established community charm and strong relative value metrics. The home ranks highly city-wide for both living area and assessed value (top 7-12%), suggesting it offers more space for the price compared to many Winnipeg properties. It would particularly suit buyers looking for a move-in ready family home in a sought-after area, who prioritize space and lot size over a brand-new build, and who appreciate a property with statistically proven value relative to its peers.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this home to others on its street, in Varsity View, and across all of Winnipeg. For example, ranking in the top 12% city-wide for value means its assessed price is higher than 88% of Winnipeg homes, indicating a premium property. Conversely, being newer than only 72% of city homes simply reflects its 1987 vintage in a market with many older and newer builds.
2. Is the 1987 build year a concern?
While not a new build, the home is newer than 75% of properties in Varsity View, placing it in the newer half for the community. This suggests a neighborhood of established, well-built homes. A thorough inspection is always advised to confirm the condition of major systems like roof, windows, and mechanicals, which may be due for updates or replacement.
3. Who would this home not be ideal for?
Buyers seeking a modern, open-concept layout or a brand-new home with no foreseeable maintenance may find the traditional two-storey style and age less appealing. Additionally, those with mobility concerns may want to note the presence of stairs to both the second floor and the finished basement.
4. How does the lot size impact the property?
At over 7,500 sqft, the lot is a significant asset. This provides ample room for gardening, play, and outdoor entertaining—a feature increasingly rare in newer subdivisions. It also offers potential for future additions like a deck or shed, subject to local bylaws.
5. What is the significance of the finished basement?
The finished basement effectively adds usable living space beyond the already generous 2,149 sqft main floors. This is valuable for creating separate zones for family recreation, a home office, or guest accommodation, adding to the home's functional flexibility for a growing household.