Property Overview & Key Characteristics
This 1987-built, one-storey home in Varsity View offers a practical and spacious family layout on a large, 8,075 sqft lot. Its key appeal lies in the combination of a generous, private yard and a fully finished basement, providing ample room for living and recreation. With 1,330 sqft of living space, an attached garage, and strong value rankings across the board—especially for its lot size and assessed value within Winnipeg—it represents a solid, turnkey property.
The home is particularly well-suited for first-time buyers or growing families looking for a move-in-ready house with room to grow outdoors, without the maintenance of an older character home. Its consistent high rankings relative to most of the city suggest a strong foundational investment. A less obvious advantage is the established neighbourhood setting, offering mature landscaping and settled community feel that newer subdivisions often lack.
Frequently Asked Questions
1. How does the age of the home (built in 1987) affect its condition?
Homes from this era typically feature modern wiring and plumbing standards, avoiding the concerns of much older properties. Buyers should still expect standard maintenance and potential updates to decor, roofs, or major systems that are nearing the end of a typical lifespan.
2. What are the benefits of such a large lot?
Beyond the obvious space for play and gardening, a lot of this size (ranking in the top 11% in Winnipeg) offers significant future flexibility. It provides privacy, room for additions like a deck or shed, and is a long-term value driver as smaller lots become more common in new developments.
3. What does the "fully finished basement" include?
The listing confirms the basement is finished, meaning it has legal living space. Specifics on room layout, ceiling height, and moisture control should be verified by a buyer's inspection, but it immediately adds functional space for a family room, home office, or guest area.
4. The home ranks highly for value. What does that mean?
The assessment value ($503,000) ranks above 83% of Winnipeg homes, indicating municipal assessment aligns with the home's substantial lot and improvements. This suggests a market price grounded in tangible assets, though the final sale price is always determined by the market.
5. Who would this home NOT be ideal for?
It may not suit those seeking ultra-modern, open-concept layouts common in new builds, as the floor plan may reflect its era. The single-storey design and yard size also mean more interior and exterior maintenance compared to a low-maintenance condo or townhouse.