Property Overview & Appeal
This 1959-built, one-storey home in Varsity View is defined by its exceptionally large, 13,588 sqft lot, which places it in the top 3% of all properties in Winnipeg for land size. The house itself offers 1,216 sqft of living space with a finished basement and a split garage. Its key appeal lies in the rare combination of a central, established neighbourhood and the immense potential of a vast, private yard—a canvas for gardens, recreation, or future expansion. While the home is of its era, its value is anchored in the land.
It would suit a buyer looking for a long-term family home with ample outdoor space in a prime location, or a visionary purchaser who sees the underlying value in the property's expansive lot, whether for enjoyment, renovation, or future redevelopment potential. It's a property for those who prioritize land over a modern turn-key home.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, being in the top 3% for lot size city-wide highlights its most distinctive feature, while the rankings for age and assessed value provide context for its condition and market position.
2. Is the lot subdividable?
This is a critical question given the lot's size. Any potential subdivision would be subject to the City of Winnipeg's zoning bylaws, lot frontage requirements, and development plans. A buyer must consult directly with the City's planning department to investigate this possibility.
3. What are the implications of a 1959 build date?
While the home has been maintained, buyers should budget for updates consistent with its age. A thorough inspection is essential to assess the condition of major systems like plumbing, electrical, and the roof, which may be nearing or past their typical lifespan.
4. How does the "split garage" configuration work?
A split garage typically refers to a two-car garage separated by a wall or support structure, often with two individual doors. This can offer more flexible storage or workspace than a single, open bay.
5. Why is the assessed value a key metric here?
The city's assessed value forms the basis for property tax calculations. Understanding this figure helps estimate annual carrying costs. It's also useful to compare this assessment to the list price to gauge the seller's pricing strategy relative to the city's valuation.