Property Overview
This 1946 one-and-a-half storey home in Varsity View offers a classic footprint on a generous 5,383 sqft lot. Its key characteristics include a fully finished basement and a practical 998 sqft of living space. The appeal here is grounded in its established neighbourhood setting and the value derived from its larger-than-average lot—a canvas for gardening, play, or future expansion that newer subdivisions often lack. Its recent sale history shows steady appreciation, and its overall assessment ranks it solidly in the middle of the Winnipeg market, suggesting a stable, no-surprises value proposition.
This property would suit a first-time buyer or a downsizer looking for a manageable, character home without the maintenance of a massive footprint. It’s also a potential fit for a buyer who sees the inherent value in land size and views the home itself as a solid foundation for gradual, personalized updates. The rankings indicate it’s not the newest or largest on the block, so it appeals to those prioritizing location and lot over turn-key modern finishes.
Frequently Asked Questions
Q: How does the age of the home (1946) impact ownership?
A: While the home has stood for 80 years, prospective buyers should budget for age-appropriate maintenance. The upside is that these older homes often feature solid construction and mature landscaping not found in new builds.
Q: The home ranks low for its size on the street. Does that mean it's small?
A: At 998 sqft, it's indeed more compact than 74% of its immediate neighbours. This translates to lower utility costs and less upkeep, which can be a benefit for the right buyer, but confirms expectations should be set for cozy, efficient living spaces.
Q: There's no garage. How is parking handled?
A: The listing does not specify dedicated parking. Given the era and neighbourhood, it likely relies on street parking or a rear driveway. This is a common trade-off in established areas and something to verify during a viewing.
Q: The lot is large, but what can I actually do with it?
A: The 5,383 sqft lot is a significant asset. Beyond a spacious yard, it may offer potential for additions like a garage, garden suite (subject to zoning), or simply abundant green space—a rarity that often appreciates in value.
Q: The assessment value is higher than the 2020 sale price. What does that indicate?
A: The assessed value of $307,000 being above the 2020 sale price of $265,000 reflects market-wide appreciation over the past four years. It suggests the property has kept pace with area trends, but the sale price will ultimately be determined by current market conditions.