Property Overview: 238 McLean Street, Varsity View, Winnipeg
This well-established two-storey home in the Varsity View neighbourhood offers a practical and spacious family living environment. Built in 1987, its key appeal lies in its above-average size, both in living space (1,815 sqft) and on a generous 6,125 sqft lot, providing ample room indoors and out. The home features a finished basement and an attached garage. Its recent market performance shows consistent value appreciation, with a current assessed value of $522,000.
The property ranks highly against local comparisons, particularly for its living area and lot size, placing it in the top tiers of its street and wider community. This suggests a home that offers more space than many in the area. It would suit buyers looking for a move-in-ready family home in a central, academic-adjacent neighbourhood without the premium of a brand-new build. A thoughtful perspective is that while the 1987 build year isn't historic, it often represents a sweet spot in construction quality after major building code updates, yet before some modern cost-cutting practices. Its strong rankings across different metrics indicate a balanced property without a single weak point, appealing to those seeking a reliable, long-term home rather than a project house.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a central, mature neighbourhood adjacent to the University of Manitoba Fort Garry campus. It typically offers a quiet, residential feel with a mix of families, academics, and professionals, benefiting from proximity to university amenities.
2. How does the assessed value relate to the likely selling price?
The assessed value of $522,000 is for municipal tax purposes. The recent 2022 sale at $480,000 and the current market conditions will be stronger price indicators. The consistent upward trend in past sale prices is a positive signal of the home's market acceptance.
3. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its permitted use with the city if considering rental income potential.
4. What does it mean that the home ranks highly in "living area"?
With 1,815 sqft, this home offers more interior space than 85% of Winnipeg homes and 82% of homes in its own community. This is a significant advantage for growing families or those wanting larger rooms without moving to a newer, often more distant suburb.
5. The home sold in 2020 and 2022. Why the quick turnover?
While the reasons are not specified, two sales in four years is not exceptionally frequent. It could reflect typical life changes (job relocation, family size change) rather than an issue with the property. The solid price increase between those sales suggests the market validated the property's value.