Property Overview: 364 Chalfont Road
Key Characteristics & Appeal
This is a classic, fully detached one-storey home in the established Varsity View neighbourhood, built in 1948. Its most defining feature is an exceptionally large, private lot of over 36,350 square feet—a rarity in the city, placing it in the top 1% of properties in Winnipeg for land size. The home itself is 1,045 sqft with a finished basement and a split garage.
The primary appeal lies in the extraordinary potential of the land. It offers immense privacy, space for expansive gardens, recreation, or future additions. While the house is of a vintage that may require updates, it presents a solid foundation. This property perfectly suits a buyer with a vision, whether that’s creating a private urban oasis, investing in the value of the land itself, or undertaking a thoughtful renovation or expansion project over time. It’s less suited for someone seeking a modern, move-in-ready home without any projects.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Varsity View, and across all of Winnipeg. For example, its land size ranks in the top 1% city-wide, which is exceptional. Its age and living area are more typical for the neighbourhood, indicating the house itself is the classic post-war style common to the area.
2. Is the lot subdividable?
This is a critical question given the lot size. Interested buyers must consult directly with the City of Winnipeg’s Planning Department to investigate subdivision potential, as zoning bylaws and specific lot conditions will determine feasibility.
3. What are the implications of a 1948 build date?
While offering solid construction, homes of this era may have original plumbing, electrical, and insulation systems. A thorough inspection is essential to understand the condition and plan for any necessary updates or renovations.
4. How does the assessment value relate to the asking price?
The city’s assessed value for tax purposes is $440,000. Market price is determined by current buyer demand, the unique value of the large lot, and property condition. The assessment is a useful benchmark but not a direct predictor of sale price.
5. What is living in Varsity View like?
Varsity View is a central, mature neighbourhood known for its tree-lined streets, proximity to the University of Manitoba, and a mix of classic homes. It offers a quiet, community-oriented atmosphere with convenient access to amenities and major routes.