Property Overview: 3411 Grant Avenue, Varsity View, Winnipeg
This 1976-built, one-storey home sits on a generous 3,604 sqft lot in the established Varsity View neighbourhood. With 1,040 sqft of living space and a finished basement, it offers a practical, single-level layout. The property presents a classic Winnipeg profile: a well-sized lot in a mature community, with a home that has seen decades of use. Its appeal lies in its straightforward functionality and location, rather than modern luxury. It would suit a first-time buyer, an investor, or a downsizer looking for a lower-maintenance footprint who values lot size over a recently built home and is prepared for the upkeep or potential updates a 50-year-old property may require. A thoughtful perspective is that while its rankings for size and value are modest city-wide, it offers relative affordability in a central neighbourhood, representing a trade-off between location, lot potential, and a home that may need personalization.
Key Details & FAQs
- Key Characteristics: 1,040 sqft bungalow, built 1976. Finished basement. No garage. Lot size of 3,604 sqft.
- Appeal & Buyer Suitability: Grounded appeal in its large lot and single-level living in a central area. Best suited for practical buyers comfortable with a home of this age, possibly seeing value in the land and location over a turn-key condition.
- Assessment & Value: City-assessed value is $243,000. Market analysis shows it ranks in the top third for value on its own street, but in the bottom 20% city-wide, indicating it is a more affordable option within its immediate area.
Frequently Asked Questions
1. What is the true condition of a 50-year-old home like this?
While having a finished basement adds living space, a home from 1976 will likely have original or older major systems (like plumbing, electrical, roof). A thorough inspection is essential to understand the condition and any imminent updates needed.
2. Is the lack of a garage a significant drawback?
For many Winnipeg buyers, a garage is a high priority for vehicle protection and storage. The property does not have one, which is reflected in its price point. Buyers would need to consider street parking or the cost/space to add a shed or future garage.
3. The rankings show it's in the bottom 20% of the city for assessed value. Is that bad?
Not necessarily. This primarily indicates it is one of the more affordable properties in Winnipeg. It suggests the home is valued below the city's average, which can mean better entry-point pricing, but often correlates with older homes or those needing updates.
4. What are the less obvious pros and cons of the lot size?
The 3,604 sqft lot is a solid size for the neighbourhood. A pro is the potential for gardening, expansion, or adding a detached garage (subject to bylaws). A less obvious con is that maintaining a larger yard requires more time and effort.
5. Who might this property not suit?
It may not suit buyers seeking modern, move-in-ready finishes, those who require ample built-in storage or a garage, or families needing more above-grade square footage without significant renovation work.