Property Summary: 228 Lynbrook Drive
Section 1: Key Characteristics & Appeal
This well-situated Varsity View bungalow offers a classic and practical living arrangement on a generous, mature lot. Its key features include a fully finished basement, a split garage, and a functional 1,187 sqft main-floor layout typical of its 1978 construction. The property's primary appeal lies in its established, quiet neighbourhood and its impressive lot size of over 8,000 sqft, which is notably larger than most in Winnipeg and ranks within the top 11% city-wide. This provides significant outdoor space and potential.
The home is ideally suited for first-time buyers or downsizers seeking a manageable single-story layout in a prime location, or for value-focused buyers who see potential in the land and the solid foundation of a maintained, older home. A less obvious perspective is its strong "blank canvas" appeal; while updated, the property represents an opportunity to incrementally modernize a home in a highly desirable area where land is at a premium, often a more attainable entry point than a fully renovated property in the same locale.
Section 2: Frequently Asked Questions
1. What is the true advantage of such a large lot?
Beyond simple outdoor space, a lot of this size (ranking top 11% in Winnipeg) offers long-term flexibility. It provides room for expansions like a sunroom or large deck, gardening potential, and a greater sense of privacy—a rare commodity in city living that is increasingly valued.
2. How should I interpret the provided rankings?
The rankings compare this property directly to others on its street, in Varsity View, and across all of Winnipeg. For example, being newer than 89% of Winnipeg homes is a significant advantage for a 48-year-old house, indicating it's in a neighbourhood developed later than many. The land size ranking is particularly standout.
3. What does the "finished basement" entail?
The listing confirms the basement is finished, adding valuable living space. Prospective buyers should inquire about the specifics: the quality of the finish, ceiling height, moisture control, and whether it includes a separate entrance or legal suite potential, which would further enhance value.
4. Is the price listed the asking price?
No. The figure shown ($389,000) is the municipal property assessment, used for calculating taxes. The actual listing price would be set by the seller and their agent, and can be higher or lower than this assessed value based on current market conditions.
5. What are the considerations with a 1978-built home?
Homes from this era may have original components, like windows, roofing, or major systems (furnace, electrical), that are nearing the end of their service life. A thorough inspection is crucial to understand the home's mechanical condition and to budget for any foreseeable updates, balancing the purchase price with potential future investments.