Property Overview
This 1972-built, one-storey home in Varsity View offers a unique proposition centered on its land and location. Its primary appeal lies in the exceptionally large, 13,051 sqft lot, which places it in the top 3% of all properties in Winnipeg for lot size. The home itself is a modest 1,077 sqft bungalow with a finished basement and a detached garage. While the house ranks in the middle to lower percentiles for its age, size, and assessed value within its immediate area, its standout characteristic is the rare combination of a very large, flat parcel in a mature, central neighbourhood. This property would suit a buyer looking for a long-term footprint in a desirable area, whether that means enjoying expansive private outdoor space now or envisioning future potential like a significant renovation, addition, or even redevelopment, subject to zoning.
Key Details & FAQs
Key Characteristics & Ideal Buyer
- The Land is the Asset: The nearly one-third-acre lot is the defining feature, offering immense privacy and space uncommon in the city core.
- Location & Context: Situated in the established Varsity View neighbourhood, it provides proximity to the University of Manitoba, major routes, and amenities while feeling secluded.
- The Home: A classic, no-frills bungalow from the early 70s, offering single-level living with additional finished space below. It presents as a functional home or a blank canvas.
- Who It Suits: This suits a buyer whose priority is securing a premier lot. It's ideal for those comfortable with a home that may need updating, or for strategic buyers who value the land's future possibilities over the current dwelling's specifications.
Frequently Asked Questions
1. Is the large lot size typical for Varsity View?
No. The property's lot size ranks in the top 7% within the community, meaning it is significantly larger than most of its neighbours, offering a rare level of outdoor space.
2. The assessed value seems low for the area. Why?
The assessment likely reflects the home's older age, modest size, and standard finishes compared to newer or extensively renovated homes on smaller lots in the same community. The value is primarily in the land.
3. What is the potential for expanding or rebuilding on this lot?
The large, flat lot certainly offers potential, but any expansion or new build would be subject to City of Winnipeg zoning bylaws, setback requirements, and permitting. Its size makes it a candidate for exploration, but professional consultation is essential.
4. How does the home's condition compare to its rankings?
The data suggests the house itself (by age, size, and value) is fairly average or below average for its specific street and neighbourhood. The appeal is not in a modernized home, but in the opportunity the entire property presents.
5. What are the less obvious advantages of this property?
Beyond the obvious space, such a large lot in a mature area often means established trees and landscaping. It also offers a high degree of privacy from neighbours and buffers from street noise. The rankings clearly show you are purchasing a lot that is in the top tier city-wide, with a home that provides immediate utility.