284 Chalfont Road

Property Summary: 284 Chalfont Road

Key Characteristics & Appeal

This is a well-situated, classic bi-level home in the established Varsity View neighbourhood. Its primary appeal lies in the combination of a large, nearly 10,000 sqft lot and a home that offers solid fundamentals. The property ranks highly for its lot size, placing in the top 7% across Winnipeg, which is a significant asset for gardening, recreation, or future expansion. The home itself, built in 1965, features a finished basement and a split garage, providing practical living and storage space.

The property would suit a buyer looking for a grounded, long-term investment in a mature community. It’s ideal for someone who values outdoor space over a large interior footprint, as the living area is modest but the land is expansive. The strong rankings for lot size and value within the community suggest it's a property with inherent stability and potential, rather than a flashy or fully modernized offering. It appeals to the practical-minded—perhaps a small family, a couple, or an investor who sees the enduring value in land and location, and is comfortable with a home that may require personal updates over time.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings compare this property to others on its street, in Varsity View, and across all of Winnipeg. For example, being in the top 7% for lot size city-wide is a standout feature, while the interior space and assessed value are more average for the area. This helps highlight the property's true strengths.

2. Is a 1965 bi-level in good condition?
The age suggests systems like roofing, windows, and plumbing may need evaluation or updating. However, the presence of a finished basement indicates some level of modernization. A thorough inspection is key to understanding the condition of both the original structure and any updates.

3. Who would the large lot benefit most?
Beyond gardening, it offers privacy and space that are rare in city centres. It's perfect for families with children or pets, hobbyists, or anyone who enjoys outdoor living. It also represents future potential, whether for a addition, a workshop, or simply as a valuable asset.

4. How should I interpret the assessed value?
The municipal assessment of $419,000 is for tax purposes and is a historical snapshot. It often lags behind the current market. The price will be determined by current demand, the home's condition, and the value buyers place on the exceptional lot size.

5. What is living in a bi-level like?
Bi-levels typically have a short flight of stairs to the main living area and another to the lower level. This layout offers good separation between living and sleeping areas, but may not suit those seeking single-level living. The finished basement effectively increases the usable living space.