Property Overview & Key Characteristics
This is a classic 1946 one-storey home on a generous 5,383 sqft lot in Varsity View. Its primary appeal lies in its established, quiet neighbourhood and the significant potential offered by the large lot. With 784 sqft of living space, it is a compact and manageable footprint. The home features a detached garage.
The property suits first-time buyers or downsizers looking for an entry point into a mature community, with the understanding that a home of this age will likely require updates or maintenance. It is equally suited to a long-term investor or builder who values the lot size above the existing structure, seeing the land as the primary asset for future development or renovation.
Its relative rankings suggest that while the house itself is modest in size and assessment value compared to neighbours, the lot is above average for the street. This creates an interesting dynamic: a home that may feel dated or small to some represents a solid opportunity for those who envision adding value through renovation or who prioritize land over square footage.
Frequently Asked Questions
1. What does the home’s age mean for a buyer?
Built in 1946, the home will have the character and construction methods of its era. Buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, and consider an inspection to understand its exact condition.
2. How should I interpret the provided rankings?
The rankings compare this property to others on its street, in Varsity View, and across Winnipeg. For example, ranking in the "top 90%" for lot size on its street means it has a larger lot than most neighbours. Conversely, ranking in the "top 90%" for living area means it is smaller than most, highlighting the property's configuration of a smaller house on a larger lot.
3. Is the detached garage a full-sized garage?
The listing specifies a "split garage." This typically means a one-car garage that is shared or divided, not a full double garage. Clarifying the exact configuration and access would be important.
4. What is the potential here for expansion or redevelopment?
The large lot is this property's most flexible feature. Subject to local zoning bylaws, it could allow for a significant addition, a garden suite, or even future redevelopment, making it appealing for those with longer-term plans beyond the existing house.
5. Why is the assessed value relatively low compared to the community?
The assessment reflects the property's current state as a smaller, older home. The value is likely weighted more toward the land value than the structure. This can be an opportunity for a buyer to add value through renovations, which would then be reflected in future assessments.