Property Overview
This 1,036 sqft one-and-a-half storey home in Varsity View offers a classic, grounded living experience. Built in 1946, it sits on a generous, nearly 5,900 sqft lot and features a finished basement and a detached garage. Its appeal lies in the established, quiet neighbourhood and the potential inherent in a well-located, solid post-war home. The property’s value metrics are a study in contrasts: while its lot size ranks highly within Winnipeg, the home itself presents as a functional canvas, suited for a specific buyer.
This home would be an excellent fit for a first-time buyer, an investor, or a hands-on owner who values location and land size over modern finishes. It’s for someone who sees the ranking data not as shortcomings, but as a clear-eyed baseline from which to build equity through updates. The large lot is a standout asset, offering rare space for gardens, play, or expansion in this area.
Key Questions for Consideration
1. What do the rankings actually mean for a buyer?
They provide context. For example, ranking in the top 35% for lot size city-wide is a significant advantage, while the lower rankings for living area and assessed value indicate a home that is modest in scope compared to newer builds, highlighting its value-as-is or its renovation potential.
2. Is a home from 1946 a concern?
It comes with both character and considerations. While built with durable materials, a home of this age will likely need updates to mechanical systems like plumbing and wiring, and should be thoroughly inspected for its roof and foundation condition.
3. What is the benefit of a finished basement?
It immediately adds usable living space, whether for a family room, home office, or additional storage. It’s a practical advantage, but a viewing should confirm the quality of the finish and ensure it’s dry and well-maintained.
4. Who is the ideal buyer for this property?
Primarily a pragmatic buyer or investor. It’s ideal for someone comfortable with a project, whether moving in and making gradual improvements or considering it as a rental property in a high-demand student and academic area near the University of Manitoba.
5. How important is the detached garage?
It provides essential storage and parking, protecting a vehicle from the elements. For a home of this era without a driveway leading to an attached garage, this is a standard and valuable feature. Its condition and functionality should be verified.