Property Overview & Key Characteristics
This is a well-situated, one-storey home in Varsity View, built in 1963 on a large, approximately 9,000 sqft lot. Its primary appeal lies in the combination of a generous, mature property and a functional, updated layout. The home features 1,150 sqft of living space, a finished basement, and a detached split garage. The data suggests a property that offers solid value: it ranks highly for lot size within Winnipeg (top 8%) and its current assessed value is above the majority of homes in the city. This isn't a brand-new build, but rather a home that has been maintained and improved over time, as evidenced by the finished basement and the increase in value since its 2021 sale.
Its appeal is grounded in space, location, and practicality. It would suit a buyer looking for a manageable single-level floorplan with ample outdoor space for gardening, play, or future expansion. It’s ideal for those who value a quiet, established neighbourhood close to the University of Manitoba, and who prefer a home with good bones and a large yard over a newer home on a smaller lot. A thoughtful perspective is that while the home itself is average in size for the area, the lot size is a significant and appreciating asset, offering privacy and potential that is increasingly rare.
Frequently Asked Questions
1. How does the 2021 sale price compare to the current assessment?
The home sold for $305,000 in late 2021. The current assessed value is $382,000, which reflects market changes and any improvements made since that purchase.
2. What does the "finished basement" entail?
The listing confirms the basement is finished, meaning it has been developed into livable space (e.g., rec room, bedrooms, office). Specifics on layout, ceiling height, and permits should be verified during a viewing or with the seller.
3. Is the large lot a benefit for future expansion?
Potentially, yes. The nearly quarter-acre lot provides significant outdoor space and could allow for additions like a larger garage, a garden suite (subject to zoning and permits), or extensive landscaping. It's a key feature that adds long-term value.
4. How does this home rank for its age and size in the area?
The home is older (1963) and ranks in the middle-to-lower range for age and living area within its immediate neighbourhood. However, it ranks exceptionally high for lot size. This indicates you are purchasing more for the land and location than for a large or modern house.
5. What is a "split garage"?
A split garage, typically detached, is divided into two separate bays, often with two individual doors. This can be useful for separating a workshop from vehicle storage or for housing multiple vehicles/items with clear divisions.