Property Overview
This 1974-built, one-storey home in Varsity View sits on a generous 5,999 sqft lot and offers 1,193 sqft of living space with a finished basement. Its key appeal lies in the combination of a larger-than-average lot for the area and a practical, single-level layout. The home's recent market history shows steady value appreciation, and its current assessed value is positioned above the majority of Winnipeg homes. The property does not include a garage or pool.
This home would suit first-time buyers or downsizers looking for a manageable footprint without sacrificing outdoor space. It's also a practical candidate for those interested in the long-term potential of the lot itself. The established neighbourhood and the home's mature character offer a sense of stability, appealing to buyers prioritizing location and lot size over modern finishes or extensive square footage.
Frequently Asked Questions
1. What is the significance of the lot size?
At nearly 6,000 sqft, the lot is a standout feature, offering ample backyard space for gardening, recreation, or future additions like a detached garage or patio—a rarity compared to many newer subdivisions.
2. How should I interpret the "rankings" provided?
These rankings compare this property to others on its street, in Varsity View, and across Winnipeg. For instance, ranking in the "top 32%" for lot size in Winnipeg means 68% of city lots are smaller, highlighting a relative strength.
3. What does the price history indicate?
The sales in 2016 and 2019, followed by the current assessment, suggest a pattern of value growth. It's advisable to have a realtor analyze this trend within the context of current market conditions.
4. Are there any obvious concerns from the data?
The home ranks lowest on its own street for living area and assessed value, meaning it is the smallest and least-valued home among its immediate neighbours. This could be seen as an entry point into a desirable street or as a property with a different character than those around it.
5. What are the practical implications of a one-storey home with a finished basement?
The main-floor living provides easy accessibility, which is a plus for aging in place or for those who prefer to avoid stairs. The finished basement adds flexible space for a family room, home office, or guests, effectively doubling the usable living area despite the modest main-floor square footage.