Property Overview
This 1969-built, one-storey home in Varsity View offers a practical and low-maintenance living option on a generous 5,380 sqft lot. Its key appeal lies in its established neighbourhood setting and functional layout, featuring 1,054 sqft of living space, a finished basement, and a detached garage. The home presents a grounded opportunity, ranking solidly in the middle of the pack for Winnipeg in terms of assessed value and lot size, suggesting it is a typical, no-frills property for the area rather than a standout premium listing. Its recent sale history indicates it has been a stable holding.
It would suit first-time buyers seeking an entry point into a mature community, or downsizers looking for a manageable single-level floor plan without a large yard to upkeep. The appeal is less about modern luxury and more about fundamental value, space, and location. A thoughtful perspective is that while its rankings aren't exceptional, its above-average lot size offers latent potential for future expansion or landscaping, which is a significant asset in an established neighbourhood where large lots are increasingly rare.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, established community near the University of Manitoba, offering a mix of long-term residents and academic affiliates. It's known for its tree-lined streets and convenient access to amenities and transit.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
3. How updated are the major systems?
The property details do not include the age of the roof, HVAC, or plumbing. Given the home's age, an inspection to assess the condition and remaining life of these major components would be highly advisable.
4. What does the ranking data actually mean?
The rankings compare this home to others on its street, in Varsity View, and across Winnipeg. For example, its lot size ranks better than 54% of all Winnipeg homes, meaning it's larger than average. Conversely, its living area is smaller than about 63% of Winnipeg homes, which is typical for a one-storey bungalow.
5. Why is the current assessed value higher than the 2017 sale price?
The 2024 assessment of $354,000 reflects the market value estimate for taxation purposes, which has risen since the 2017 sale of $290,000. This increase is consistent with broader market trends over that period, but the actual sale price will be determined by current market conditions.