Property Overview
This 1987 two-storey home at 115 Bramble Drive in Varsity View offers a well-established family footprint on a generous 7,390 sqft lot. Its key appeal lies in a combination of above-average space, mature community charm, and desirable amenities. With 2,364 sqft of living area, it ranks within the top 4% of homes in Winnipeg for size, providing ample room for a growing household. The property features a finished basement, an in-ground pool, and an attached garage. Its value is underscored by a current assessed value of $688,000, which places it in the top 6% of its neighborhood and top 4% city-wide, suggesting a premium, well-maintained asset in a sought-after location.
The home is particularly suited to buyers looking for a move-in ready family home in a mature, central neighborhood. It appeals to those who value private outdoor space for recreation and entertaining, as evidenced by the large lot and pool. The strong rankings across size, value, and lot dimensions indicate a property that competes favorably not just on its street, but across the wider city, making it a sound choice for buyers prioritizing long-term investment and space over a brand-new build. A thoughtful perspective is that while the home is nearly 40 years old, its superior rankings in value and size over newer homes in the area speak to its enduring quality, updates, and the timeless appeal of the Varsity View location.
Frequently Asked Questions
1. How does the age of the home (built in 1987) impact its condition and potential costs?
While the home is nearly four decades old, its assessed value ranks in the top 4% city-wide, which typically reflects significant updates and good maintenance. Buyers should still budget for age-related maintenance on major systems like the roof, HVAC, and windows, but the high assessment suggests these may have been addressed.
2. The home ranks very high for size and value, but only average for age on its street. What does this mean?
This indicates Bramble Drive is an established street with a mix of home ages. This property stands out not for being new, but for offering more space and higher perceived value than many of its neighbors, which is often a stronger indicator of its market position and livability.
3. Is the in-ground pool a major selling point or a potential drawback?
This depends on the buyer. It's a premium amenity for family recreation and summer entertaining, adding to the lifestyle appeal. However, it requires seasonal maintenance, insurance considerations, and may not be desired by all, potentially narrowing the pool of future buyers.
4. The home was last sold in September 2020 for $585,000. Why is the assessed value now $688,000?
The increase reflects significant market appreciation over that period and likely any improvements made by the current owners. The assessment places the home in the top tier for value in Winnipeg, setting a benchmark for its current market price.
5. What is the significance of the lot size ranking?
With a lot size ranking in the top 14% in Winnipeg, the property offers substantial outdoor space that is increasingly rare. This provides privacy, room for the pool and gardens, and future expansion potential, contributing significantly to its value and appeal.