Property Overview & Appeal
This 1968-built, one-storey home in Varsity View sits on a generous 8,153 sqft lot, offering a rare combination of space and location. Its key appeal lies in its established, quiet neighbourhood and a large yard that provides significant outdoor potential. With 1,172 sqft of living space and a finished basement, it offers practical, single-level living. The home’s rankings indicate its lot size is a major asset, placing it in the top 11% city-wide, while its overall value proposition is solidly above average for the area.
It would suit first-time buyers or downsizers looking for a manageable home with room to garden or expand outdoors, without the maintenance of a larger house. It also appeals to those who value a stable, academic-adjacent community over a brand-new build, and see potential in a property where the land itself is a primary asset. A thoughtful perspective is that this property represents a balance—it’s not the newest or largest house, but it offers a competitive advantage in land size that is increasingly scarce, making it a pragmatic long-term hold in a desirable inner-city neighbourhood.
Frequently Asked Questions
1. How does the 2021 sale price compare to the current assessment?
The home sold for $371,000 in October 2021. The current assessed value is $347,000. It’s important to discuss current market conditions with your agent to understand today’s likely value.
2. What does the "finished basement" include?
The listing confirms the basement is finished but does not specify the details. This should be verified during a viewing to understand the layout, ceiling height, and quality of the finish.
3. Is the large lot a potential for expansion or subdivision?
The 8,153 sqft lot is a significant feature. Any plans for an addition, garage, or subdivision would require research into local zoning bylaws and would be a key point for due diligence.
4. What are the implications of the home's age (58 years)?
Built in 1968, buyers should budget for updates and ensure thorough inspections. Older homes in this area often have solid foundations, but systems like plumbing, electrical, and the roof may need attention or modernization.
5. How do the provided "rankings" work?
The rankings compare this property to others on its street, in Varsity View, and across all of Winnipeg. For example, its lot size ranks in the top 11% in the city, meaning it's larger than 89% of Winnipeg properties. These are useful for understanding relative strengths, like lot size, versus relative factors like building age.