Property Overview & Key Characteristics
This 1951-built, one-storey home in Varsity View sits on a generous 5,381 sqft lot. Its primary appeal lies in its established neighbourhood setting and the significant value represented by the land itself. With 748 sqft of living space and a finished basement, it offers functional, compact living. The home’s key rankings highlight its position as a grounded, value-oriented property: it notably surpasses over half of all Winnipeg homes in lot size, but its smaller living area and older vintage place it in a more modest position relative to newer or larger builds. The split garage adds practical utility.
This property would best suit a pragmatic buyer—perhaps a first-time homeowner, an investor, or a downsizer—who prioritizes location and lot potential over turn-key modern finishes. It’s a canvas for someone comfortable with gradual updates or who values the stability and mature streetscape of a long-established community. A less obvious perspective is that its lower relative rankings in living space and age are precisely what create its affordability and opportunity in a sought-after area, offering entry into a well-located neighbourhood where many other properties are significantly more expensive.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Varsity View, and across all of Winnipeg for specific metrics (like lot size or age). For example, surpassing 54% of Winnipeg homes in lot size means its plot is larger than average, a strong asset. Conversely, ranking lower for living space indicates the house itself is more compact than most.
2. Is the finished basement included in the 748 sqft living area?
No, the 748 sqft figure refers to the above-ground living space. The finished basement provides additional usable area, which is a valuable bonus for storage, utilities, or extra living space not reflected in the main square footage.
3. Given the home's age (75 years), what should I be most concerned about?
While systems and the roof may have been updated over time, a home of this age warrants a thorough inspection focusing on the foundation, plumbing, electrical wiring, and insulation standards. Its long-term upkeep will depend on the quality and timeline of past renovations.
4. Who might this property not be suitable for?
It likely wouldn't suit buyers seeking modern, open-concept layouts or extensive square footage without undertaking major renovations. Families needing multiple large bedrooms or those wanting a move-in-ready home with contemporary amenities might find it too compact or dated.
5. How significant is the lot size here?
Very. At over 5,000 sqft, the lot is a substantial asset in an established inner-city neighbourhood. It offers ample outdoor space, potential for gardening, and future possibilities like an addition or garage upgrade, which is rare for many properties at this price point in similar areas.