Property Overview: 308 Lynbrook Drive
Key Characteristics & Appeal
This is a well-established, spacious family home in the sought-after Varsity View neighborhood. Built in 1961, its primary appeal lies in its generous proportions and mature setting. With 1,822 sqft of living space on a large 8,693 sqft lot, it offers more room than the vast majority of homes in Winnipeg, ranking in the top 15% citywide for size. The home is a one-and-a-half storey with a finished basement and a detached garage.
Its strength is in its established footprint and location rather than newness. While the 1961 build date means it’s older than many area homes, the numbers tell a compelling story of space: it outperforms 91% of houses on its own street and 85% across Winnipeg for living area. The lot size is also a significant asset, providing ample outdoor space in a central community. The property suits buyers looking for character, space, and a long-term family home in a mature neighborhood, who are comfortable with a house of this vintage and may see potential in its solid foundation and generous lot. It’s ideal for those who prioritize interior and yard space over a brand-new build, and who value the established trees and quiet streets typical of Varsity View.
Frequently Asked Questions
1. What does the "one-and-a-half storey" design typically mean?
This style often features a main floor with primary living spaces and a second floor with sloped ceilings, creating cozy bedrooms or additional living areas. It’s a classic mid-century design that maximizes space within a charming architectural form.
2. The home was assessed higher than its 2023 sale price. What does this indicate?
The current assessment is $43.7K above the late-2023 sale price of $400K. This can reflect a strong, long-term value proposition in the eyes of the assessor, but it’s important to understand that market value is determined by current buyer demand. A recent sale provides a concrete, modern benchmark.
3. How significant is the lot size?
At nearly 8,700 sqft, the lot is a major feature. It ranks highly within the community, offering rare outdoor space for gardens, play, or expansion. This is a key differentiator from newer infill properties with smaller footprints.
4. The home ranks lower for "newness." Should I be concerned?
This ranking simply confirms the home’s age relative to others. For a 1961 home, its condition, updates, and maintenance history are far more important than the year itself. A thorough inspection is essential to understand the state of major systems like roof, wiring, and plumbing.
5. What is the neighborhood vibe of Varsity View?
Varsity View is a central, mature neighborhood known for its quiet, tree-lined streets and proximity to the University of Manitoba. It attracts a mix of academics, long-term residents, and families drawn to its stability and convenient location.