Property Overview
This home presents a compelling profile defined by its modern construction and efficient use of space. Its key appeal lies in being a notably newer property within its established neighborhood. Built in 1992, it ranks in the top 2% for age on its street and the top 22% within the Varsity View community, where the average home is decades older. This suggests updated infrastructure and potentially lower immediate maintenance needs compared to surrounding properties.
The living space of 1,512 sq ft is comfortably above average for both the street and the city overall, offering ample interior room. Interestingly, the property achieves this on a smaller, more manageable lot of 2,928 sq ft. This combination suits buyers seeking a modern, low-maintenance home without sacrificing interior square footage. The tax assessment value is consistently close to average across all comparison levels, indicating a stable, market-aligned valuation.
This property would be an excellent fit for professionals, small families, or downsizers who prioritize a modern, move-in-ready home in a mature area over a large yard. It’s for those who want space indoors but prefer less outdoor upkeep.
Frequently Asked Questions
1. How does the smaller lot size impact the property?
While the land area is significantly smaller than the neighborhood average, it translates to less yard maintenance. The trade-off is a modern home with above-average interior space on a manageable plot, which can be a major advantage for those not wanting extensive gardening or landscaping duties.
2. What does the 1992 build year imply for a buyer?
A home built in 1992 in this area is considered very new. It likely benefits from more contemporary construction standards, wiring, plumbing, and insulation compared to the many mid-century homes nearby, potentially leading to better energy efficiency and fewer major system replacements in the near term.
3. The tax assessment is near average. Is that good?
Yes, it indicates stability. The assessment is not disproportionately high, which helps keep property taxes in check, nor is it unusually low, which could suggest undervaluation. It reflects a market-consistent valuation for the area.
4. Who might this property not suit?
It would not be ideal for buyers who desire a large, private yard for gardening, recreation, or future expansions like a major deck or pool. Those seeking a historic character home typical of the neighborhood might also prefer an older property.
5. How significant is its ranking for living space?
Ranking in the top 30% city-wide for living area is a strong point. It means you get more interior space than most Winnipeg homes, which is a valuable asset, especially when combined with the newer build year in a desirable community like Varsity View.