Property Overview
This 1973-built, one-storey home in Varsity View offers a unique blend of spacious outdoor living and established community charm. Its primary appeal lies in its exceptionally large, 10,430 sqft lot, which places it in the top 5% of all properties in Winnipeg for land size. This creates rare potential for gardening, expansion, or simply enjoying private outdoor space—a notable find within the city. The home features a finished basement and a split garage, providing practical living and storage solutions.
The property suits buyers who prioritize land over sheer interior square footage. It’s ideal for those seeking a long-term family home with room to grow, or for downsizers wanting a manageable single-level layout without sacrificing yard space. Its strong rankings for lot size and assessed value within its established neighbourhood suggest a solid, well-regarded property. The less obvious appeal is for a buyer with vision: the generous lot and the home’s age present a clear opportunity for future renovation or landscaping projects to tailor the space to modern tastes while benefiting from a prime location.
Frequently Asked Questions
1. How does the home’s age affect its condition and value?
Built in 1973, the home is well-established. Its assessed value ranks highly (top 28% in Winnipeg), suggesting it has been maintained and is valued for its lot and location. Buyers should budget for updates typical of a home of this era, but the strong assessment indicates a sound underlying investment.
2. Is the large lot a benefit or a burden?
It’s a significant benefit for those wanting space, privacy, and potential, ranking in the top 5% city-wide. However, it does mean higher property taxes relative to smaller lots and requires more upkeep. It’s a premium feature for the right buyer.
3. Who is the typical buyer for this property?
It best suits practical buyers who value space and location over a turn-key modern interior. This includes families looking for room to play and expand, or empty-nesters wanting a single-level home without compromising on yard size.
4. How does its 2016 sale price compare to today’s assessment?
The home sold for $345,000 in 2016 and is now assessed at $435,000. This increase reflects market trends and possibly improvements made. The current assessment ranks highly in the area, indicating sustained desirability.
5. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the details of the finish, rooms, or ceiling height. This would be a key point for a viewing or inquiry to understand the true liveable space and quality.