Property Overview & Appeal
This 1969-built, one-storey home in Varsity View offers a practical and spacious footprint on a large 6,455 sqft lot. Its key characteristics include a fully finished basement, a split garage, and 1,040 sqft of living space. The appeal lies in its generous, private yard—a rarity in the city—coupled with the quiet, established feel of the neighbourhood. It ranks highly for its lot size, placing in the top 23% citywide, suggesting excellent outdoor potential.
The property would suit a first-time buyer or downsizer looking for single-level living without sacrificing yard space, or an investor/renovator who sees value in the solid foundation and the opportunity to update a home from a sought-after era. A less obvious perspective is its appeal to those valuing long-term stability; the home has clearly been maintained over decades, and its above-average citywide ranking for assessed value indicates a fundamentally sound investment in a mature area.
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, its lot size is in the top 23% in the city, which is a strong asset. Its living space is more average locally, which is typical for the area.
2. Is the finished basement included in the 1,040 sqft living area?
No, the 1,040 sqft figure typically refers to above-grade living space. The fully finished basement is an additional area, adding significant functional space to the home.
3. What are the implications of the home being built in 1969?
This era of home is known for solid construction and simple, functional layouts. Buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, which may be nearing the end of their service life.
4. Who might the "split garage" suit?
A split garage (two separate single doors) is ideal for a household with a workshop, needing storage separation, or for tenants in a potential basement suite to have their own dedicated parking space.
5. How does the assessed value relate to the listing price?
The municipal assessment of $359,000 is for tax purposes and is not the market price. It does, however, provide a benchmark, showing the home’s value sits in the top half of all Winnipeg properties, which can be a useful data point in understanding its relative worth.