Property Overview & Appeal
This 1985-built, one-storey home in Varsity View offers a rare combination of space and established character on an exceptionally large lot. Its key characteristic is the generous 11,451 sqft property, which ranks in the top 4% of all Winnipeg lots for size, providing ample room for gardening, recreation, or future expansion. The home itself features a finished basement, a combined attached and detached garage, and a practical layout with 1,395 sqft of living space.
The appeal lies in its established, quiet neighbourhood and the significant potential inherent in such a sizable parcel of land. It suits buyers looking for a solid, single-level home with a "blank canvas" backyard in a mature area. It would particularly resonate with those who value outdoor space over a brand-new build, and who see the value in a property whose land value is a major driver of its overall assessed price, which places it in the top 12% citywide.
Frequently Asked Questions
Q: How does the age of the home (41 years) factor into its value?
A: While the structure itself is mature, the property's value is heavily weighted toward its land. The rankings show the home's size and assessed value significantly outrank its age within the neighbourhood and city, suggesting the lot is the primary asset.
Q: What does the combination "attached + detached" garage mean practically?
A: This offers flexible parking and storage. One vehicle can be kept in a convenient attached garage, while the detached space can be used for a workshop, additional vehicle storage, or as a dedicated space for tools and outdoor equipment, keeping the main garage clearer.
Q: The home ranks highly for lot size but mid-range for living space. What does this imply?
A: It indicates this is a property where the outdoor space is the standout feature relative to the indoor footprint. Buyers should envision their lifestyle centered around the yard's potential, with the house serving as a comfortable, but not oversized, base.
Q: Are there any concerns with a lot this large?
A: It's a benefit, but it comes with considerations. Maintenance (lawn care, landscaping) will require more time or expense. It's also wise to check municipal bylaws for any future plans like adding a structure or pool to ensure the lot's potential can be fully utilized.
Q: The assessed value is notably high for the area. Is this accurate?
A: The assessment, which ranks in the top 22% of the community, reflects the official municipal valuation for tax purposes, heavily influenced by the lot size. It's a strong data point, but the final market price is determined by current buyer demand and the home's specific condition.