Property Overview & Key Characteristics
This is a classic, well-maintained one-storey home in the established Varsity View neighbourhood. Its primary appeal lies in the combination of a generous, nearly 10,000 sqft lot and a practical, fully finished layout. With 1,262 sqft of living space, a finished basement, and an attached garage, it offers comfortable single-level living with ample room for expansion or gardening. The property ranks exceptionally high for its lot size within the local area, placing in the top 2% on its street and top 7% across Winnipeg, which is a significant and rare asset.
The home suits buyers looking for a grounded, long-term property in a mature community rather than a modern turn-key build. It’s ideal for those who value outdoor space and potential over brand-new condition, and it would particularly suit downsizers seeking single-floor living without sacrificing yard space, or a family with vision for gradual updates or an eventual addition, given the substantial land parcel. A thoughtful perspective is that while the 1942 build date means systems and maintenance require attention, it also represents a level of craftsmanship and lot proportion rarely found in newer constructions.
Frequently Asked Questions
1. What does the high ranking for lot size actually mean?
It means the property's 9,692 sqft lot is larger than 98% of lots on its street, 82% in Varsity View, and 93% of all residential lots in Winnipeg. This is its most competitive statistical feature, indicating exceptional outdoor space for the area.
2. The home is older. What should I prioritize in an inspection?
Given the 1942 construction, a thorough inspection of foundational integrity, roof condition, plumbing (original vs. updated), electrical wiring, and heating system is essential. The age also suggests potential for charming original features, but the focus should be on core structural and mechanical systems.
3. Who handles the property rankings, and are they reliable?
The rankings are generated by the listing platform's algorithm, comparing key metrics like lot size, age, and living area against local databases. They are a useful, at-a-glance tool for relative comparison, but should be considered alongside a professional appraisal and personal due diligence.
4. Is the finished basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should verify with the city if the current configuration meets code requirements for a separate suite or if modifications would be needed.
5. The value rank is lower than the size rank. What does this suggest?
The assessment value ranks in the middle ranges locally, while the lot size ranks at the top. This often indicates that the land itself holds significant value, while the current improvement (the house) may be assessed based on its older age and condition. This dynamic can appeal to buyers seeing long-term value in the land.