Property Overview
This 1944-built, one-storey home in Varsity View offers a classic bungalow layout on a spacious 5,381 sqft lot. Its key characteristics include 966 sqft of living space, a finished basement, and a split garage. The home's appeal is rooted in its established neighbourhood setting and larger-than-average lot, providing room and potential in a central location. It suits practical buyers looking for a solid starter home or a long-term property with space to personalize. Its rankings suggest it's a competitively priced option within the wider Winnipeg market, though it is an older home among newer builds in its immediate area. A thoughtful perspective is recognizing the value in the lot size and location, which can outweigh the home's vintage, for a buyer willing to invest in updates over time.
Frequently Asked Questions
1. How does the age of the home (1944) impact ownership?
While offering character and a solid lot, an 82-year-old home will likely have older major systems (like plumbing and electrical) and require diligent maintenance or planned updates, which should be factored into the budget.
2. What do the ranking percentages actually mean?
They show how this property compares to others in specific categories. For example, being newer than only 5% of homes in the community highlights its vintage, while its lot size ranking higher than 88% in the community is a significant strength.
3. Is the finished basement included in the 966 sqft living area?
Typically, the listed living area refers to above-ground, heated space. The finished basement is an additional area, adding functional space like a rec room or extra bedrooms not reflected in the main square footage figure.
4. The 2016 sale price was $244,000, but the current assessed value is $321,000. What does this indicate?
This shows market appreciation over eight years, but it's important to note that municipal assessed value is for tax purposes and can differ from current market value. A professional appraisal or comparative market analysis would provide a more accurate listing price.
5. Who would this property NOT be suitable for?
It may not suit buyers seeking a modern, move-in-ready home without any projects, or those who prioritize being in a newer subdivision with uniformly recent builds. The rankings indicate it's among the older and smaller homes within its own sought-after neighbourhood.