Property Overview
This well-established 1999-built bungalow in Varsity View offers a practical and comfortable living space on a generous, nearly 6,000 sqft lot. Its key appeal lies in a balanced combination of space, location, and modern readiness. The 1,551 sqft home features a fully finished basement and an attached garage, providing ample room for a growing family or those who value single-level living. The property's standout characteristic is its strong relative value within the wider Winnipeg market, ranking in the top tiers for lot size, newer construction age, and above-average assessed value for its neighborhood. This suggests a home that is both competitively sized and well-maintained in a desirable area.
Its practical layout suits first-time buyers looking for a move-in-ready home with expansion potential, or downsizers seeking single-storey convenience without sacrificing yard space. The appeal is grounded: it's a home that offers more interior and exterior space than many of its local peers, built more recently than most in the community, and carries an assessment that indicates it's a substantial property within its context. A thoughtful perspective is that this home represents a "steady performer" – it may not have flashy features, but its rankings show consistent strength across multiple metrics, offering a solid foundation in a prime academic-family neighborhood.
Frequently Asked Questions
1. What does the "relative ranking" data actually mean?
It shows how this property compares to others in its immediate street, neighborhood, and all of Winnipeg. For example, being newer than 85% of homes in Varsity View means it's a relatively modern build for the area, which can imply updated infrastructure.
2. Is the finished basement included in the 1,551 sqft living area?
Typically, the main living area (1,551 sqft) refers to above-ground square footage. The fully finished basement is additional space, significantly increasing the home's usable area.
3. The lot is large, but what's the condition and orientation?
The listing highlights the size (5,994 sqft). For specifics on landscaping, garden condition, sun exposure, or fencing, a viewing or inquiry with the listing agent is recommended to assess its current state and potential.
4. How does the assessed value relate to the likely asking or selling price?
The municipal assessment of $542,000 is for tax purposes and is based on past market data. The eventual listing price will be set by the seller based on current market conditions, recent comparable sales, and the home's specific features.
5. What are the practical benefits of a home built in 1999?
Homes from this era often benefit from modern building codes and wiring for technology, while being past the initial "shakedown" period where major construction flaws might appear. It likely offers a balance of contemporary layout and settled construction.