Property Overview & Key Characteristics
This is a well-maintained, single-storey home built in 1969 on a generously sized lot in Varsity View. Its primary appeal lies in its established, quiet neighbourhood and its significant, usable land parcel of over 6,200 sqft—a rarity that offers ample space for gardening, play, or future expansion. The home itself is modest in size at 946 sqft and features a finished basement, presenting a practical, low-maintenance living space.
The property would best suit first-time buyers, downsizers, or long-term investors seeking an entry into a stable community. Its strong city-wide ranking for lot size (top 25%) indicates inherent value in the land itself, making it appealing for those who see potential in the property beyond the current footprint. It’s a home for buyers who prioritize location and lot over turn-key modern finishes, and who may view the existing structure as a solid foundation to personalize over time.
Frequently Asked Questions
1. What is the true value proposition of this home?
While the living space is compact, the property’s standout feature is its large lot, which ranks in the top 25% across Winnipeg. This suggests the land holds significant value, offering potential for future landscaping, additions, or simply enjoying substantial outdoor space in a central neighbourhood.
2. Is the basement a legal suite or suitable for rental income?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate with the city to understand the necessary permits and regulations for creating a suite.
3. How does the age of the home (1969) affect maintenance?
Being over 50 years old, prospective buyers should budget for updates to major aging components. A thorough inspection of the roof, foundation, plumbing, and electrical systems is highly recommended to plan for future upkeep.
4. There’s no garage. What are the parking options?
The property has no garage, so parking is limited to driveway and street parking. It’s advisable to check local street parking regulations to ensure it meets your household’s needs.
5. The home ranks lower within its own street for size and value. What does this mean?
This indicates that on Haney Street, there are larger and higher-valued homes. This isn’t necessarily negative; it can mean the property is one of the more accessible entry points into a desirable street and neighbourhood, offering a chance to add value relative to its neighbours.