Property Summary: 280 Chalfont Road
Key Characteristics & Appeal
This is a classic one-storey home in the established Varsity View neighbourhood, built in 1928. Its most defining feature is the exceptionally large, 25,211 sqft lot, which places it in the top 1% of properties by land size in Winnipeg. This presents a rare opportunity for expansion, gardening, or simply enjoying expansive private outdoor space in a central location. The house itself offers 1,025 sqft of living space with an unfinished basement, presenting a canvas for customization. It includes a split garage, adding practical utility.
The appeal lies in a combination of location and potential. Varsity View is a mature, sought-after area. While the home is older and modest in size, the immense lot is a significant asset that is increasingly uncommon. This property would best suit a buyer with a vision—whether that’s a long-term family home with room to grow, an investment in land value, or a renovation/rebuild project. It’s for someone who values the established community and character of an older neighbourhood and sees the underlying value in the land itself, rather than seeking a move-in-ready modern finish.
Frequently Asked Questions
1. What does the lot size actually allow for?
At over half an acre, the lot offers rare possibilities for additions, building a secondary structure (subject to zoning), or creating extensive landscaped gardens. It provides a level of privacy and space atypical for the city.
2. How significant are the age and condition of the home?
Built in 1928, the home will likely require updates to mechanical systems, insulation, and windows. The unfinished basement allows you to see the foundational structure and plan any modernization to your own standards.
3. The assessed value seems lower than expected for the area. Why?
The municipal assessment reflects the current state and size of the existing dwelling. The significant value driver—the large lot—may not be fully captured in a formula-based assessment, which is often reflected in the market price.
4. Is this a good option for a first-time buyer?
It could be, but with important considerations. The price may be accessible for the neighbourhood, but an older home on a large lot may come with higher immediate maintenance costs or renovation plans, requiring a budget for both purchase and improvements.
5. What is the neighbourhood like?
Varsity View is a mature, quiet, and centrally located community known for its tree-lined streets and proximity to the University of Manitoba. It offers a established residential feel with the convenience of nearby amenities.