Property Overview
This is a classic one-and-a-half storey home in the sought-after Varsity View neighbourhood, built in 1947. Its most defining feature is the exceptionally large, approximately 32,800 square foot lot, which places it in the top 1% of all residential properties in Winnipeg for land size. The house itself offers 1,588 square feet of living space, including an unfinished basement, and is accompanied by a detached garage. While the home is of a vintage that will appeal to those who appreciate character, its true value lies in the immense potential offered by its expansive grounds. The property ranks highly for lot size within its community and city but is more modestly ranked for its assessed value and building age, suggesting it is seen as a land-holding opportunity with a livable home.
Its appeal is dual in nature. For a buyer seeking a family home in a central, academic-adjacent community, it provides ample private outdoor space—a rarity so close to the university. For a visionary buyer or developer, the lot represents a significant canvas for future expansion, landscaping, or redevelopment, subject to zoning. This property would best suit a buyer who values land over a turnkey modern home, whether that's a family wanting room to grow gardens and play, or an investor/owner looking for a property where the primary asset is the land itself.
Frequently Asked Questions
1. What does the high lot ranking actually mean?
It means this property's land area of 32,832 sq ft is larger than 99% of all residential properties in Winnipeg, making it an exceptionally rare find in the city for lot size alone.
2. The house was built in 1947. What should I expect?
As a nearly 80-year-old home, buyers should anticipate the need for updates to mechanical systems, windows, and insulation to meet modern efficiency standards. The unfinished basement also presents both a project and an opportunity for customization.
3. Is the price driven more by the house or the land?
Given the home's age and the lot's extraordinary size and rankings, the assessed value appears to be significantly influenced by the land asset. The property offers the potential to add value through home improvements or future land utilization.
4. What is the neighbourhood like?
Varsity View is a mature, established community near the University of Manitoba, typically attracting academics, students, and families seeking a central location with a quiet, leafy character.
5. What are the main considerations for future potential?
Any major changes, like additions or rebuilding, would require checking current zoning bylaws and obtaining necessary permits. The sheer size of the lot provides flexibility, but it must be explored within the framework of local regulations.