Property Overview
This classic two-storey home in Varsity View offers a blend of established character and generous space on a large lot. Its key appeal lies in its above-average living area of over 2,100 sqft, which ranks in the top 7% for the neighbourhood and city, providing substantial room for a growing family or those who value spacious interiors. The property sits on a sizable 5,383 sqft lot with a detached garage. Built in 1946, it is a home for buyers who appreciate the solid construction and potential of a well-maintained older property, rather than seeking a new build. It would suit a practical buyer—perhaps a young family looking to establish roots in a central area, or a value-conscious purchaser willing to invest in updates over time to personalize the space. A less obvious perspective is that its strong rankings for living space against a modest assessment value suggest a property where the internal square footage may offer more value than the land or current finishes, making it a smart canvas for renovation-focused buyers.
Key Details & FAQs
- Basement: No
- Garage: Detached
- Property Type: Two-Storey
- Lot Size: 5,383 sqft
- Year Built: 1946
- Living Area: 2,104 sqft
- Total Assessed Value: $333,000
1. What does the ranking data actually mean?
The rankings compare this home to others on its street, in Varsity View, and across all of Winnipeg. For example, its living space is larger than 93% of homes in the neighbourhood, which is a standout feature. Its age is older than most, and its assessed value is moderately positioned.
2. Is the lack of a basement a significant drawback?
This depends on your needs. It eliminates potential for a below-ground rec room or suite, but also means no concerns about flooding or moisture issues common in older basements. The ample above-ground living area helps compensate for this.
3. Who might this older home not suit?
Buyers seeking a move-in-ready, modern open-concept layout with new mechanical systems (like HVAC or wiring) may find the scope of work daunting. It's better suited for those with a renovation budget or a higher tolerance for gradual updates.
4. What are the implications of a detached garage?
It offers flexibility for a workshop or storage separate from the house. However, it means dealing with winter snow and rain when accessing your vehicle, which is a practical consideration compared to an attached garage.
5. How should I interpret the assessment value versus the asking price?
The assessed value of $333,000 is for municipal tax purposes and is a historical snapshot. The listing price will be determined by current market conditions, the home's updated features (if any), and seller motivation. It serves as a baseline, not a sale price.