345 Lynbrook Drive

Property Overview

This 1961-built, one-storey home in Varsity View offers a practical layout with 1,152 sqft of living space on a generous 6,132 sqft lot. Its key features include a fully finished basement and a detached garage. The property presents a classic, low-maintenance footprint that has been well-maintained over the decades. Its appeal lies in its established neighbourhood setting, larger-than-average lot for the area, and the immediate usability of its finished lower level. This home would particularly suit first-time buyers seeking a solid entry into the market, downsizers looking for a manageable single-level living space, or investors attracted by the stable rental demand near the university. A less obvious advantage is the home's age: systems and structure are long-settled, potentially reducing the surprise issues sometimes found in newer, rapidly built homes. While not top-ranked in raw metrics within its immediate area, it outperforms a strong majority of homes across Winnipeg overall, suggesting it represents good value in the broader market context.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg. For example, its land size is in the top 28% city-wide, meaning the lot is larger than most, while its age is newer than 39% of Winnipeg homes.

2. Is the finished basement included in the listed living area?
No, the 1,152 sqft living area refers to the above-ground footprint. The finished basement provides additional, flexible space beyond that official square footage.

3. What are the implications of a "detached" garage?
It means the garage is a separate structure, not attached to the house. This can be a plus for workshop use or isolating noise, but means you will walk outdoors to access your vehicle in winter.

4. How might the 1961 construction year affect the home?
Homes of this era often feature solid construction and simpler, easily understood layouts. Buyers should pay special attention to the age and condition of core systems like plumbing, electrical, and the roof, which may be at or beyond their typical lifespan.

5. Why is the assessed value a useful reference point?
The $346,000 assessment provides a government-appraised benchmark for the property's taxable value. It is a data point that can inform offer pricing, but the final market value is determined by current buyer demand and the home's specific condition.