Property Summary: 228 Wexford Street, Varsity View, Winnipeg
Key Characteristics & Appeal
This home is a classic 1925-built one-and-a-half storey character property, offering a blend of historic charm and practical potential. Its primary appeal lies in its generous 6,561 sqft lot in the established Varsity View neighborhood, providing ample outdoor space that is increasingly rare for inner-city living. With 950 sqft of living space, an unfinished basement, and a detached garage, it presents a solid foundation for customization.
The property is well-suited for two main types of buyers. First, it’s an ideal entry-point for a handy first-time buyer or an investor looking for a character home with "good bones" and the opportunity to add value through renovations over time. Second, its large lot and location could appeal to those with future redevelopment plans, given the neighborhood's desirability. A less obvious perspective is its strong relative ranking for lot size within Winnipeg (top 22%), which is a permanent asset that outweighs its lower rankings for age or assessed value. The appeal here is fundamentally about the land and location, with the house representing a canvas for the right owner.
Frequently Asked Questions
1. What does the "one-and-a-half storey" design typically mean?
This style often features a main floor with principal rooms and a second floor under sloping roof lines, creating cozy bedrooms with potentially unique layouts. It's a hallmark of charming, early 20th-century homes.
2. The house ranks low for age and assessed value in the area. Is this a concern?
Not necessarily. The low ranking for age simply confirms it's one of the older, original homes in the area—a source of its character. The assessed value ranking is common for unrenovated period homes and reflects the current condition, not the potential value after updates or the inherent value of the large lot.
3. Is the unfinished basement a drawback or an opportunity?
It's primarily an opportunity. While it requires investment to finish, it allows a new owner to customize the space to their exact needs (e.g., recreation room, rental suite, workshop) without needing to undo previous work.
4. Who is responsible for verifying the accuracy of the rankings and data provided?
Prospective buyers should always independently verify all property information through their real estate professional and official sources, such as municipal records and their own inspections.
5. What are the next steps if I'm interested in this property?
The next step is to have your real estate agent arrange a private viewing to assess the home's condition firsthand. Following that, consulting with a contractor to discuss renovation feasibility and costs would be a prudent move before making an offer.