Property Overview & Key Characteristics
This two-storey home on a large, 8,069 sqft lot in Varsity View offers a compelling blend of space, location, and value. Its primary appeal lies in its generous proportions, with a living area of 2,299 sqft that ranks in the top 5% of homes in the neighbourhood, providing ample room for a growing or multi-generational family. The property's overall assessed value ranks highly within its immediate area, suggesting a well-regarded and established presence. Built in 1976, the home is a classic, solid offering that appeals to buyers seeking a substantial footprint and a mature lot over a brand-new build. The combination of a detached garage and a prime location near the University of Manitoba adds practical and long-term convenience.
This home is ideally suited for buyers who prioritize space and land size in a sought-after academic community. It would fit a family needing multiple bedrooms and living areas, or perhaps a professional looking for a home office with separation. It’s a property for those comfortable with the character and potential updating projects of a 50-year-old home, in exchange for a premier lot size and established neighbourhood feel.
Frequently Asked Questions
1. What does the high ranking for living area actually mean?
It means this home's indoor square footage is larger than 95% of other homes in Varsity View and 96% across Winnipeg, confirming it as a genuinely spacious property in a direct, quantifiable way.
2. Is the 1976 build year a concern?
While not new, the home's age is typical for the area. The rankings show it's newer than over half the homes in Winnipeg. The focus for a buyer should be on the condition of major systems (roof, windows, HVAC) and the scope of any modernizations desired, balanced against the value of its large lot and floor plan.
3. How significant is the lot size?
At over 8,000 sqft, the lot is a major feature. It offers rare potential for outdoor living, gardening, expansion, or simply more privacy than newer subdivisions provide—a key differentiator that adds long-term value.
4. What are the advantages of the Varsity View location?
Beyond the obvious proximity to the University of Manitoba, the neighbourhood is established with mature greenery, and often has lower traffic than purely residential areas. It tends to attract a mix of academics, families, and professionals, creating a stable community atmosphere.
5. The assessment value is high relative to the community. Is that good?
A high assessment ranking generally indicates the municipal authority views the property as one of the more valuable in the area, often due to its size, condition, and improvements. It's a benchmark for property taxes, but also a neutral validation of its standing in the local market.