242 Alcrest Drive

Property Overview & Key Characteristics

This property is a classic, well-situated bungalow in the established Varsity View neighbourhood. Its primary appeal lies in the combination of a generous, mature lot and a solid, move-in-ready foundation. With over 14,600 square feet of land, the lot size is a true standout, ranking in the top 5% of the community and top 2% city-wide, offering exceptional outdoor space and potential. The home itself features 1,312 sqft of living space, a finished basement, and a split garage, all on a single, accessible level.

The home suits two primary types of buyers. First, it's ideal for those seeking a long-term family home where the yard is a priority—for gardens, play space, or future additions. Second, it perfectly matches buyers looking for the stability and charm of an older, established area without needing a major renovation project, as the home is already updated and livable. A less obvious perspective is its appeal to multi-generational living or those planning for aging in place, given the single-storey layout and the possibility to customize the spacious basement.

Frequently Asked Questions

1. What does the lot size ranking actually mean?
The rankings show that this property's lot is larger than 95% of homes in Varsity View and 98% in all of Winnipeg. It's a exceptionally large parcel for the city, offering rare privacy and space.

2. The house was built in 1966. What should I expect?
While the structure is 60 years old, the key systems and the basement have been updated and finished. Buyers should still budget for the ongoing maintenance typical of any older home, but it is presented as a functional, modernized living space.

3. How does the assessment value relate to the asking price?
The municipal assessment is $460,000, which is a benchmark for property taxes. The final sale price is determined by the current market and may be higher or lower than this figure.

4. Is the neighbourhood suitable for families?
Varsity View is a mature, central neighbourhood known for its quiet, tree-lined streets and proximity to universities, schools, and amenities. Its established nature often appeals to families.

5. What are the advantages of a one-storey home like this?
The main advantages are single-level living, which is convenient and accessible, and a straightforward layout. The finished basement effectively doubles the usable living space, offering flexibility for recreation, guests, or a home office.