Property Overview & Key Characteristics
This is a classic, single-storey home in the established Varsity View neighbourhood, built in 1952. Its primary appeal lies in its exceptionally large, private lot of over 12,500 square feet, which is significantly larger than most city properties and places it in the top tier for land size in Winnipeg. The home itself is modest at 896 sqft, offering a straightforward layout. A split garage provides practical storage or workshop space.
The property suits two main types of buyers: first, those seeking a premium-sized lot with room for extensive gardening, recreation, or future expansion in a central, mature area. Second, it's a candidate for a value-conscious buyer or investor looking for a solid footprint in a desirable neighbourhood, who is comfortable with a home that may require updates. Its charm is less about the current house and more about the land's rarity and potential.
Five Possible FAQs
1. What does the high land ranking but lower house ranking mean?
It highlights this property's unique proposition: you are purchasing a lot that is among the largest and most private in the city, while the house itself is a smaller, older structure typical of its era. The value is heavily weighted toward the land.
2. Is this a "tear-down" property?
Not necessarily. While the size and age of the home suggest potential for major renovation or redevelopment, the existing house is livable. The decision would depend on the buyer's goals, budget, and appetite for a project versus wanting immediate move-in condition.
3. What are the implications of a 1952 build date?
Expect older building materials and systems. A thorough inspection is crucial to understand the condition of the foundation, plumbing, electrical, and insulation. This also means the character and layout reflect mid-century design, which some find appealingly simple.
4. Who is the typical buyer in Varsity View?
The neighbourhood is popular with university staff, professionals, and families attracted to its central location, tree-lined streets, and proximity to the University of Manitoba. This property, with its vast yard, would particularly appeal to those prioritizing outdoor space over a large interior.
5. How should I interpret the assessment value?
The municipal assessment of $323,000 is for tax purposes and is a lagging indicator. It reflects the city's valuation based on past market data. The final sale price will be determined by current market demand, particularly for such a large lot, and may differ significantly from this figure.