Property Overview & Appeal
This 1956-built, single-story home in Varsity View offers a compact and efficient 672 sqft of living space on a generous 5,382 sqft lot. Its key characteristic is its location within a well-established, mature neighbourhood near the University of Manitoba. The appeal lies in its relative affordability and the potential of its large lot, which is significantly bigger than many in the area. The home has a finished basement, adding functional space.
It would best suit a first-time buyer, an investor, or a downsizer looking for a lower-maintenance property with land to garden or potentially expand. Its below-average rankings for size, age, and value within its immediate area suggest it is a more modest, entry-level property in a desirable location, appealing to those prioritizing lot size and neighbourhood over a modern or spacious interior.
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 example, ranking in the "top 97%" for size means only 3% of Winnipeg homes are smaller, highlighting its compact nature, while its lot size ranks more competitively.
2. Is the large lot a major advantage?
Yes. The lot is over 5,300 sqft, which is a standout feature. It offers ample outdoor space for gardening, recreation, or future landscaping projects that the smaller home itself does not provide.
3. What are the implications of the home's age (70 years)?
While the home has character, a 1956 build means prospective buyers should budget for potential updates to major aging systems like plumbing, electrical, or the roof, and anticipate a style of layout that may feel compartmentalized compared to modern open-concept designs.
4. There's no garage. How is parking?
The property has no garage, so parking is limited to the driveway and street. This is common for homes of this era in the area and is an important logistical consideration for vehicle owners.
5. The finished basement adds value, but are there any concerns?
A finished basement in a 70-year-old home increases usable space, but it's wise to investigate the quality of the finish, ceiling height, moisture control, and whether any necessary updates to the foundation or insulation were addressed during the renovation.