Property Overview
This well-situated Varsity View bungalow offers a practical and comfortable living space on a generous lot. Built in 2000, its key appeal lies in a balanced combination of space, location, and modern-enough infrastructure. The 1,569 sqft home features a finished basement and an attached garage, sitting on a large 6,313 sqft property. Its rankings indicate a strong position overall, particularly valued for its above-average lot size and newer construction relative to much of Winnipeg. The home’s assessment has risen notably since its last sale in 2019.
The property would suit buyers looking for single-level living in a mature, established neighbourhood close to the University of Manitoba. It’s a practical choice for downsizers, small families, or professionals who value a large yard and the low-maintenance aspect of a relatively newer bungalow. A thoughtful perspective is that while the interior living space is competitively sized for the area, the true value driver here may be the substantial lot, offering potential for outdoor enjoyment or future expansion, which is increasingly rare in central neighbourhoods.
Frequently Asked Questions
Q: How does the home's value compare to others in the area?
A: The current assessment places it in the top 25% of homes in Winnipeg for value and the top 22% within its own community, suggesting it is viewed as a above-average property in its market.
Q: Is the neighbourhood considered mature or developing?
A: Varsity View is a well-established, mature neighbourhood. The home itself, built in 2000, is newer than 86% of homes in the community, offering modern construction within a settled area.
Q: What does the "finished basement" include?
A: The listing confirms the basement is finished, which adds valuable livable space to the 1,569 sqft main floor. Specifics on rooms, ceiling height, and finishes should be verified by a viewing or with the listing agent.
Q: How has the property's value changed over time?
A: It last sold for $451,000 in December 2019. The current assessed value of $544,000 indicates significant appreciation over that period, consistent with broader market trends.
Q: Are there any obvious competitive advantages or drawbacks?
A: Key advantages are the large lot size, newer construction (for the neighbourhood), and single-storey layout. A consideration is that the main living area is smaller than most homes on its own street, so the appeal hinges on prioritizing lot size and the bungalow style over maximum interior square footage.