Property Overview & Appeal
This 1987-built, one-storey home in Varsity View sits on a large, 7,526 sqft lot, offering a rare combination of space and established character. Its key characteristics include a fully finished basement, an attached garage, and a practical 1,284 sqft layout. The appeal lies in its generous, private yard—a significant asset in a mature neighbourhood—and its strong relative value. It ranks highly for lot size and assessed value compared to most of Winnipeg, suggesting a solid investment in a desirable location.
This property would suit first-time buyers or downsizers looking for a manageable single-level home without sacrificing outdoor space. It’s also a fit for value-conscious buyers seeking a home in a well-regarded community that has outperformed many others in terms of appreciation, as indicated by its assessment ranking. A thoughtful perspective is that while the home itself is of average size for the area, the expansive lot provides future potential for gardening, expansion, or simply enjoying more privacy than newer subdivisions typically offer.
Frequently Asked Questions
1. What is the significance of the property rankings?
The rankings show how this home compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, its lot size and assessed value rank in the top 13-18% citywide, indicating these are strong features relative to the market.
2. Is the basement included in the 1,284 sqft living area?
Typically, the listed living area refers to above-ground, finished space. The basement is listed separately as "finished," meaning it provides additional usable living space not reflected in the main square footage.
3. What does the lot size mean for a buyer?
At 7,526 sqft, the lot is substantially larger than many modern properties. This means more yard space, greater distance from neighbours, and possibly fewer restrictions on additions or structures like sheds.
4. How might the age of the home (built 1987) affect a purchase?
A home from this era will likely have updated components but may still require attention to original features like windows, roofing, or major systems. It offers a balance of modern layout compared to much older homes while being established within a mature neighbourhood.
5. Why are the rankings for "newness" and "living area" less strong than for lot and value?
The home is newer than 72% of Winnipeg homes but is average for its specific street and community. Similarly, the living area is typical for the area. This highlights that the property’s prime advantages are its generous lot and strong assessed value, rather than the size or recent build date of the house itself.