Property Overview
This 1995-built, one-storey home in Varsity View offers a well-proportioned living space of 1,364 sqft on a notably large, mature lot of over 8,600 sqft. Its appeal lies in a combination of space, location, and established value. The home features a finished basement and an attached garage, presenting a practical, move-in-ready layout. Its standout characteristic is its competitive positioning within the market: it ranks highly for its lot size, recent build year, and assessed value compared to most homes in Winnipeg, and particularly within its own desirable community. This suggests a property that has been a solid long-term holding in a sought-after area.
It would suit buyers looking for a manageable single-level home without sacrificing outdoor space, such as downsizers, small families, or professionals. The strong rankings indicate a property that likely offers good long-term stability and appeals to value-conscious buyers who appreciate data-driven metrics. A less obvious perspective is that a home from the mid-90s often balances modern construction standards with established neighbourhood character, avoiding the premium for brand-new builds while being past the major update cycles of much older homes.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in key metrics. For example, being in the "top 9%" for lot size in Winnipeg means over 91% of city homes have a smaller lot. It's a quick way to see this home's relative strengths in land, size, age, and assessed value.
2. Is the finished basement included in the 1,364 sqft living area?
Typically, the listed "living area" refers to above-grade, finished square footage. The finished basement is an additional bonus space not included in that main floor figure.
3. What is the neighbourhood of Varsity View like?
Varsity View is a mature, established community near the University of Manitoba. It is known for its quiet, tree-lined streets, larger lot sizes, and a mix of academic professionals, families, and long-term residents.
4. Why is the lot size a significant feature?
An 8,671 sqft lot is substantially larger than many modern subdivisions offer. This provides ample space for gardening, recreation, future additions like a deck or shed, and simply more privacy and distance from neighbours.
5. How should I interpret the assessed value in relation to the listing price?
The municipal assessment ($501,000) is for tax purposes and reflects a mass appraisal from a prior date. It's a useful data point showing the home's relative value to the city, but the market-driven listing price will be determined by current conditions, recent sales, and the home's specific features.