This 1970-built, one-storey home in Varsity View offers a practical and established living option. Its key appeal lies in its generous 6,792 sqft lot—a significant size that ranks in the top 19% for all of Winnipeg—providing ample outdoor space in a mature, central neighbourhood. The home itself is modest in size at 873 sqft and features a finished basement and a detached garage. Recent data shows it sold for $350,000 in January 2024, slightly below its current assessed value of $357,000.
This property would best suit a buyer looking for a land-forward opportunity. It’s ideal for someone who values a large, private yard over a large house, and who is comfortable with a home that may require updates. It could appeal to a first-time buyer seeking entry into a desirable area, or to a downsizer wanting a manageable single-level layout with outdoor space for gardening or entertaining.
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What is the true value of the large lot? Beyond private space, a lot of this size in a central location offers long-term flexibility. It provides room for additions, landscaping projects, or simply a rare sense of openness not commonly found in older neighbourhoods.
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How does the home's condition compare to its recent sale price? The sale price coming in slightly under the assessed value may reflect the home’s age and smaller living area. Buyers should budget for potential modernizations, but the transaction also suggests a realistic, grounded market value.
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Is the finished basement a legal suite? The listing notes a finished basement but does not specify it as a legal secondary suite. This is a crucial distinction for those considering rental income, and verification with the city would be essential.
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What does the ranking data actually tell us? The home ranks highly for its lot size but lower for living space and age. This underscores the property’s profile: a premium parcel of land with a humble dwelling, highlighting a trade-off buyers should be aware of.
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What are the implications of a detached garage? While providing secure storage, a detached garage can be less convenient during Winnipeg winters compared to an attached one. However, it also offers potential for conversion to a workshop or studio, separate from the main house.