Property Overview: 219 Alcrest Drive, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Varsity View home is a two-storey (with some one-level elements) built in 1990, sitting on a notably large, mature lot of nearly 10,000 sqft—a rarity that places it in the top 6% of all Winnipeg properties for land size. With 1,665 sqft of living space and a finished basement, it offers practical family-scale accommodation. Its standout appeal lies in its exceptional positional strength within a sought-after neighborhood. The data shows it consistently ranks in the top quartile for its area across key metrics: it surpasses over 84% of homes in Varsity View for lot size and over 76% for both living area and assessed value. This indicates a property that is not only above average for the community but is also competitive on a city-wide scale.
The home would particularly suit buyers who prioritize land and location over brand-new finishes. It’s an ideal canvas for a family or long-term owner who values space for gardens, play, or future expansion in a mature, established area. The high rankings suggest a solid investment in a stable neighborhood, appealing to those looking for a property with inherent equity and the potential to add value through thoughtful updates over time.
Section 2: Frequently Asked Questions
1. What does the "TWO/ONE STOREY" building type mean?
This typically describes a two-storey home that may have a significant portion of its main floor footprint or a distinct architectural element styled as a bungalow, offering some single-level living space within a larger two-storey structure.
2. The home was built in 1990. What should I consider?
A home of this age is likely to have well-established landscaping and character, but key systems (like the roof, windows, furnace, and major appliances) may be approaching or have reached their typical lifespan. A thorough inspection is advised to budget for any upcoming maintenance or updates.
3. There's no garage. Is that a major drawback?
For some buyers, yes. However, the enormous lot size is a significant trade-off and presents a clear opportunity. The property has ample space to add a detached garage or workshop, subject to city bylaws, which could further increase its value and utility.
4. How meaningful are the provided ranking percentages?
They are a useful, data-driven tool for comparison. They show this property isn't just "good"—it consistently outperforms a majority of homes in its immediate area and across Winnipeg in terms of lot size, living space, and assessed value, highlighting its relative strength in the market.
5. The assessed value is $530,000. Is that the sale price?
No. Municipal assessed value is used for calculating property taxes and may not reflect current market value. The final sale price is determined by market conditions, the property's specific state, and buyer competition.