Property Overview & Key Characteristics
This 1974-built, one-storey home in Varsity View sits on a remarkably large, 16,292 sqft lot—a standout feature that places it in the top 5% of properties within the community for land size. With 1,541 sqft of living space and a finished basement, it offers practical, single-level living. Its overall assessed value ranks within the top 16% citywide, indicating a solid and desirable property foundation.
The primary appeal lies in its rare combination of a spacious, level lot in a mature, established neighbourhood close to the University of Manitoba. It suits buyers looking for a long-term family home with immense outdoor potential (gardens, play space, future additions) or those who value privacy and room to breathe within the city. It’s also a fit for someone seeking a solid bungalow layout, possibly with future main-floor living in mind, on a property that significantly outperforms typical lot sizes in Winnipeg.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The rankings show that this property's lot is larger than 95% of other homes in Varsity View and 98% across all of Winnipeg. This isn't just a big yard; it's a uniquely sizable parcel for the city, offering exceptional potential.
2. The house was built in 1974. What should I consider?
While the structure is 50 years old, its assessed value remains strong (top 16% in Winnipeg). Prospective buyers should prioritize a thorough inspection focusing on updates to major systems like roof, wiring, plumbing, and windows, balanced against the enduring value of the land itself.
3. Who is the typical buyer for this home?
It likely appeals to two main groups: families seeking space for children and pets in a convenient location, and value-driven buyers or builders who recognize the long-term potential of the land, whether for enjoyment, renovation, or future redevelopment.
4. How does the finished basement add value?
It effectively increases the usable living space beyond the 1,541 sqft main floor, providing flexibility for recreation, guests, a home office, or additional storage. This makes the home feel more spacious than its official square footage might suggest.
5. The build year ranking is lower. Is that a concern?
The "newer is better" ranking reflects its age relative to the area. However, this is balanced by its superior rankings in lot size and value. It indicates you're looking at a mature property in a well-established neighbourhood, not a new construction, with the character and space that often entails.