Property Summary: 205 Alcrest Drive, Varsity View, Winnipeg
Key Characteristics, Appeal & Target Buyer
This is a well-established, single-storey home on a large, approximately 9,700 sqft lot in the sought-after Varsity View neighbourhood. Built in 1974, the 1,362 sqft residence features a finished basement and an attached garage. Its standout characteristic is its exceptional lot size, which ranks in the top 7% of all properties in Winnipeg, offering rare potential for expansion, gardening, or outdoor living within the city.
The home’s primary appeal lies in its location and land value. Varsity View is a mature, central community known for its proximity to the University of Manitoba, offering a blend of quiet, tree-lined streets and convenience. While the house itself presents a solid foundation, its true value may be unlocked by a buyer who sees potential in the generous lot—whether for immediate enjoyment or future investment. The property’s rankings suggest it outperforms most area homes in lot size and overall living space, but may benefit from updates, making it particularly suited for a practical buyer, a small family seeking space to grow, or an investor looking for a property with strong underlying land value in a stable neighbourhood.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg for specific metrics. For example, being in the top 7% city-wide for lot size is a significant advantage, while the rankings for assessed value and building age suggest the home is a fairly typical offering for the area, indicating room for value growth through updates.
2. Is the basement included in the 1,362 sqft living area?
Typically, the listed "living area" (1,362 sqft) refers to above-grade, finished space. The presence of a finished basement adds additional usable square footage that is not reflected in that primary figure.
3. What are the implications of such a large lot?
Beyond ample yard space, a lot of this size (over 1/5 of an acre) in a central neighbourhood can provide long-term flexibility. It could accommodate additions like a large deck, workshop, or even a future secondary suite (subject to zoning and city approvals), which is a rare find.
4. How does the 1974 build year affect the home?
Homes from this era often have functional, straightforward layouts. Buyers should budget for potential updates to major systems like roofing, windows, or the furnace due to age, while also appreciating the character and established landscaping that comes with a mature property.
5. Who is the typical buyer in Varsity View?
The neighbourhood attracts a mix of university staff, students, families, and long-term residents drawn to its central location. This property, with its larger lot and single-storey layout, would likely appeal most to those seeking more outdoor space or a home with potential to customize over time.