Property Summary: 280 McLean Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-maintained, single-story home in the established Varsity View neighbourhood. Its key characteristics include a fully finished basement, a generous 5,382 sqft lot, and a practical 904 sqft of living space. Built in 1970, the home presents a solid, no-fuss opportunity.
The primary appeal lies in its location within a sought-after central community and the potential offered by its large lot. While the home itself is modest in size, the finished basement adds valuable functional space. The property’s competitive rankings, particularly for its lot size and age within the immediate area, suggest it is a sturdy offering in its category. It would suit first-time buyers seeking an entry point into a prime neighbourhood, practical downsizers looking for single-level living without a condo fee, or value-oriented investors attracted by the lot size and central location. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—a chance to secure land and location, with the home itself providing a functional starting point.
Section 2: Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate street, wider neighbourhood, and all of Winnipeg for specific metrics like lot size and age. For example, its lot size ranks highly (top 14%) in Varsity View, a notable strength, while its living space is more compact compared to area averages.
2. Is the lack of a garage a major concern?
This depends on buyer needs. The large lot does offer potential for adding a garage or dedicated parking pad in the future, which is a key advantage over properties with smaller lots. For some, the trade-off for location and lot size may be worth it.
3. What does "fully finished basement" typically mean in a home of this era?
In a 1970s bungalow, this usually means a developed lower level with living space, but buyers should verify the ceiling height, window well sizes (for egress), and the quality/condition of the finishings, as standards have evolved.
4. Who would this home not suit?
It may not suit buyers looking for immediate move-in luxury, extensive modern upgrades, or those requiring substantial indoor living space or attached garage parking from day one.
5. How does the assessment value relate to the likely selling price?
The municipal assessment ($329,000) is for tax purposes and uses a mass appraisal model. In active markets, especially in desirable neighbourhoods like Varsity View, the final sale price is primarily determined by current buyer competition and can differ significantly from the assessed value.