Property Overview: 235 Haney Street, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-established, single-storey home on a large, 6,296 sqft lot in the sought-after Varsity View neighbourhood. Built in 1958, its primary appeal lies in its location and land value. The home itself is modest in size at 901 sqft of living space but features a finished basement. It lacks a garage or pool, positioning it as a classic, no-frills property where the true asset is the lot in a prime area.
Its appeal is for a specific buyer: those looking to enter a desirable, central community near the University of Manitoba, potentially at a lower entry point than for a fully renovated home. It would suit an investor, a builder eyeing a future redevelopment opportunity (given the lot size), or a hands-on buyer willing to live in the home while planning gradual updates. A less obvious perspective is its potential as a multi-generational property; the large lot and single-level layout (with a finished basement) could be adapted for an accessory suite, subject to zoning approvals. The data shows it ranks highly city-wide for lot size (top 25%) but lower for the home's size and assessed value within its own street, highlighting the contrast between the land's potential and the current dwelling.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, quiet neighbourhood known for its proximity to the University of Manitoba, offering a mix of academic staff, families, and long-term residents. It features tree-lined streets and a stable community feel.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal, rentable suite. A buyer would need to verify its compliance with local codes and zoning regulations if considering rental income.
3. What are the main considerations for renovation or rebuilding?
Given the home's age (68 years) and modest size, a buyer should budget for potential updates to major systems. The large lot is a key asset, but any significant expansion or rebuild would require careful review of Winnipeg's zoning bylaws and potential heritage or neighbourhood character guidelines.
4. How does the assessed value relate to the likely selling price?
The property has an assessed value of $302,000. Its last recorded sale was in March 2020 for $225,000. In the current market, the selling price will be determined by buyer demand for the location and lot, and may not directly correlate with either the past price or the city's assessment.
5. What are the parking arrangements?
The property has no garage. Parking would be via a driveway or on-street. It's advisable to observe the street at different times to assess typical parking availability.