Property Overview & Key Characteristics
This 1974-built, one-storey home in Varsity View offers a practical and spacious layout on a large 6,119 sqft lot. Its key appeal lies in its well-proportioned, move-in-ready package: a 1,384 sqft living area, a finished basement, and an attached garage. The home's recent sale in August 2024 for $450,000, above its $420,000 assessed value, suggests a competitive market reception.
Its strength is its balanced, above-average standing in multiple categories. It ranks better than roughly two-thirds of all Winnipeg homes for both lot size and recent sale price, indicating strong broader market appeal. Within its own community, it offers more living space than most comparable properties. This isn't a brand-new home, but its condition and updates are reflected in its solid performance against newer builds in the area.
This property would suit first-time buyers or downsizers seeking a manageable single-level layout without sacrificing yard space. It's also a pragmatic choice for investors or families looking for a value-conscious entry into the established, family-friendly Varsity View neighbourhood, with the finished basement offering immediate flexibility for extra living or rental income.
Frequently Asked Questions
1. How does the 1974 build year affect the home?
While 50 years old, the home ranks newer than over half of all Winnipeg houses, indicating the neighbourhood has many well-maintained homes of a similar vintage. Buyers should prioritize a thorough inspection focusing on era-specific systems like plumbing, electrical, and the roof, but can also expect mature landscaping and established community character.
2. What do the ranking percentages actually mean?
They show how this home compares to others in three geographic circles. For example, ranking "better than 72% of Winnipeg" for lot size means its lot is larger than most in the city, a significant asset. The "top 28%" phrasing indicates it sits in the more desirable upper tier for that specific metric.
3. The home just sold in August 2024. Why is it back on the market?
This information is typically part of a property's public sales history, not necessarily indicating it's for sale again. This data is shown to inform buyers of recent market activity and price trends for the specific house and area.
4. Is the finished basement included in the 1,384 sqft living area?
Typically, municipal assessments in Winnipeg list above-grade and below-grade square footage separately. The 1,384 sqft is almost certainly the above-grade living area. The finished basement provides additional, valuable space but is not counted in that primary square footage figure.
5. What's the significance of the sale price being higher than the assessed value?
Assessed value is for municipal tax purposes and often lags behind the current market. A recent sale price above assessment is a strong, real-world indicator of the home's market value and can reflect updates, condition, or market demand not fully captured in the official assessment.