Property Overview
This well-situated Varsity View home presents a practical and comfortable living opportunity. Built in 2003, it's a 1,222 sqft, one-storey home with a finished basement and an attached garage, sitting on a generous 5,733 sqft lot. Its appeal lies in a balance of modern convenience and established neighbourhood character. The home ranks notably high for its newer construction age and above-average assessed value within its immediate area, suggesting it has been maintained well and sits in a desirable pocket of the community. It would particularly suit first-time buyers or downsizers seeking a manageable, single-level layout in a mature neighbourhood, or investors attracted by its consistent performance in a stable academic-area market.
Key Details & FAQs
Key Characteristics & Appeal:
This property offers a move-in-ready footprint with the flexibility of a finished basement. Its standout feature is its relative newness compared to most homes on the street and in Varsity View, meaning major components like the roof, windows, and mechanical systems are likely in good condition, offering peace of mind. The appeal is grounded in its strong positional rankings: it's newer than over 90% of nearby homes and has an assessed value higher than 70% in the community, indicating a solid investment in a sought-after location. It suits buyers looking for a low-maintenance home without sacrificing yard space, and who value the quiet, tree-lined streets of an established neighbourhood close to university amenities.
Frequently Asked Questions:
1. What does the "ranking" data actually tell me?
The rankings compare this home to others on its street, in Varsity View, and across all of Winnipeg. For example, being newer than 93% of homes on its street means it's one of the most recently built properties in the area, a significant advantage in an older neighbourhood.
2. Is the finished basement included in the 1,222 sqft living area?
Typically, the listed "living area" refers to above-grade, heated space. The finished basement would be additional square footage, adding functional space like a family room or extra bedrooms.
3. The assessed value is higher than the last sale price. What does that mean?
The 2024 assessed value of $492,000 is set by the municipal tax authority for taxation purposes. The 2020 sale price of $425,000 is a historical market transaction. The increase reflects market appreciation and assessments over four years, but the current market value will be determined by present-day buyer demand.
4. Who would this home not be suitable for?
Given its single-storey layout and moderate size, it may not suit larger families needing multiple bedrooms on one level or buyers seeking a brand-new, custom-built home. Those wanting a pool or extensive architectural character may also look elsewhere.
5. How significant is the lot size?
At over 5,700 sqft, the lot is larger than average for the area, offering valuable outdoor space for gardening, recreation, or future expansion like a deck or shed—a premium in mature neighbourhoods where lots are often smaller.