Property Overview: 238 Alcrest Drive
Section 1: Key Characteristics & Appeal
This is a well-established bi-level home in the sought-after Varsity View neighbourhood, sitting on an exceptionally large lot of over 14,400 square feet. Its primary appeal lies in this rare combination of a central location and generous outdoor space, offering a suburban feel within the city. The home itself, built in 1977, features a finished basement and a split garage. Market data indicates it is a solid, competitive property within Winnipeg, ranking highly for its lot size and assessed value compared to most of the city.
The property would particularly suit buyers who prioritize land and location over a large interior footprint. It's ideal for someone looking for room for gardens, play, or future expansion, and who values being in a mature, high-ranking community. It also presents as a practical option for those comfortable with a home of its era, seeing the good condition and finished basement as a foundation rather than a full renovation project.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, its lot size is in the top 2% in Winnipeg, which is a significant advantage. Its assessment value ranks in the top 27% city-wide, suggesting it is viewed as a above-average value home.
2. Is the living space of 1,103 sqft sufficient for a family?
This depends on the family's needs and use of space. The bi-level design and finished basement effectively create multiple living zones. The modest main floor square footage is balanced by the large property, offering significant room for outdoor living and activities.
3. The home was built in 1977. What should I be aware of?
While systems like roofing, windows, and the furnace may have been updated over the years, a thorough inspection is recommended to assess the condition of major components typical of a home from this period, such as plumbing, electrical, and the foundation.
4. Why is the lot size so important for this property?
The lot is its most standout feature. It provides unparalleled privacy and space for its neighbourhood, allowing for potential additions like a deck, shed, or pool, or simply enjoying a large green yard—an rarity in central locations.
5. How does the 2021 sale price relate to the current assessed value?
The property sold for $440,000 in late 2021, and its current assessed value is $442,000. This close alignment suggests the market and city assessment are in agreement on its value, providing a clear and stable recent benchmark for buyers.