Property Overview & Key Characteristics
This single-storey home in Varsity View presents a compelling blend of space, location, and established comfort. Its primary appeal lies in its exceptionally large, approximately 10,850 sqft lot, which ranks within the top 5% of all properties in Winnipeg for size. This offers rare potential for gardening, expansion, or simply enjoying expansive private outdoor space within the city. The home itself features a fully finished basement, an in-ground pool, and an attached garage. Built in 1973, it offers a functional 1,216 sqft of living space and a solid, well-maintained foundation in a sought-after neighbourhood.
The property is ideally suited for buyers who prioritize land size over a large interior footprint. It would appeal to families or individuals looking for a long-term home with room to grow, outdoor enthusiasts who value private recreation space, or investors recognizing the inherent value of a large lot in a prime location. Its competitive rankings, particularly for lot size, suggest it's a standout property in a desirable area, offering a balance of established community charm and future potential.
Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond the obvious benefits of privacy and space, a lot of this size in Varsity View is a long-term asset. It provides flexibility for future additions like a workshop, expanded living space, or a sophisticated landscape design that smaller parcels cannot accommodate, all while being in a central, established neighbourhood.
2. How does the age of the home (1973) impact this purchase?
While the home is over 50 years old, its systems and structure have proven durable. The key consideration is the maintenance and potential updating of major components like the roof, windows, and plumbing, which a thorough inspection will clarify. The era of construction often means solid bones and simpler, more modifiable floor plans.
3. Is the pool a major benefit or a liability?
This depends on the buyer's lifestyle. It's a significant recreational amenity for summer months and entertaining, adding a resort-like feel. However, it requires seasonal maintenance, carries ongoing costs for chemicals and utilities, and necessitates strict safety measures, especially for families with young children.
4. The home's living area is modest relative to the lot size. What does this mean?
This configuration suggests the property's greatest value is in the land itself. It's perfect for those who live both indoors and out, or for a buyer who may envision a significant renovation or expansion in the future to better match the home's footprint to the grandeur of its lot.
5. How do the provided "rankings" work?
These rankings compare this specific property against others on its street, in Varsity View, and across all of Winnipeg for metrics like lot size, age, and assessed value. For example, ranking in the top 5% for lot size city-wide is a powerful indicator of its rarity and a core feature driving its value and appeal.