Property Overview & Key Characteristics
This 1975-built, one-storey home in Varsity View offers a practical, no-fuss living arrangement on a generous 3,617 sqft lot. Its key appeal lies in its simplicity and potential. With 950 sqft of living space and a finished basement, it provides essential space without the upkeep of a larger property. The absence of a garage or pool translates to lower maintenance costs and a straightforward yard.
Its primary draw is the lot size, which ranks highly within the immediate area, offering valuable outdoor space and future possibilities in a mature neighbourhood. The home suits first-time buyers seeking an entry point into the market, downsizers looking for a manageable single-level layout, or value-oriented investors attracted by the solid lot size and finished basement for rental income. It’s a property for those who see virtue in a blank canvas and prioritize location and land over turn-key finishes.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, established community near the University of Manitoba. It offers a quiet, residential feel with the convenience of nearby academic institutions, retail, and transit routes.
2. Why is there no garage, and what are the parking options?
The property was built without a garage, which is not uncommon for homes of this era in the area. Parking is via a driveway. The large lot does offer potential for adding a garage or carport in the future, subject to municipal bylaws.
3. The rankings show the assessment value is low for the community. What does that mean?
The assessment ranking indicates this home’s municipal valuation is in the lower tier for Varsity View. This can reflect its modest size and vintage compared to larger, newer homes in the area. For a buyer, it suggests property taxes may be relatively lower, but it’s also a reminder that the home may require updates.
4. Is the finished basement a legal suite?
The listing notes a finished basement but does not specify it as a legal secondary suite. A buyer must verify with the city if it meets all code requirements for a separate rental unit, as this significantly impacts value and legality.
5. Given its age, what major systems should be checked?
As a home built in 1975, special attention during inspection should be paid to the roof, windows, plumbing, electrical systems, and the foundation. The furnace and water heater are also likely near or past their typical lifespans and should be evaluated.