Property Overview & Appeal
This 1972-built, single-story home in Varsity View offers a practical, low-maintenance footprint on a generous 5,721 sqft lot. Its key characteristics include 1,062 sqft of living space and a finished basement, providing flexible space without the upkeep of a larger property. The home lacks a garage or pool, emphasizing a simpler lifestyle.
Its primary appeal lies in its established, quiet neighbourhood and its larger-than-average lot for the area, which presents opportunities for gardening, expansion, or future development. The home’s age and value position it as an accessible entry point into a desirable community. It would suit first-time buyers seeking a manageable starter home, downsizers looking to reduce maintenance without leaving the neighbourhood, or value-oriented investors interested in the lot’s potential. A less obvious perspective is its appeal to those who prioritize a lower annual property tax burden relative to newer or more assessed homes in the city.
Frequently Asked Questions
1. What does the finished basement include?
The listing notes the basement is finished but does not specify the rooms or layout. A viewing or follow-up with the listing agent is needed to determine if it includes legal bedrooms, a separate entrance, or a full bathroom.
2. Is there potential to add a garage or expand the house?
The large lot size is a significant asset that could accommodate an addition or a detached garage, subject to City of Winnipeg zoning bylaws, permits, and associated costs.
3. How does the assessed value compare to the asking price?
The municipal assessment is $267,000. Buyers should note that the asking price may differ, as assessments are for tax purposes and market value is determined by current sale conditions.
4. What are the typical maintenance considerations for a home of this age?
Built in 1972, prospective buyers should pay special attention to the condition of major systems during an inspection, including the roof, plumbing, electrical, and foundation, which may be nearing or past their typical lifespans.
5. What is the parking situation without a garage?
The property has no garage. Buyers should confirm the driveway capacity and on-street parking regulations during a visit to ensure it meets their needs, especially in winter.