Property Overview
This 1955-built, single-storey home in Varsity View offers a classic layout with 1,440 sqft of living space. Its most defining feature is the exceptionally large, 9,538 sqft lot, which provides rare potential for expansion, gardening, or outdoor living within the city. The home presents a solid foundation in a well-regarded, central neighbourhood. Its appeal lies in this combination of a prime location and the significant value represented by the land itself. It would particularly suit buyers looking for a long-term family home with room to grow, or investors and renovators who see the underlying value in the property's spacious lot and are prepared to update the interior to modern standards.
Key Details & FAQs
Key Characteristics & Appeal:
This is a property where the land tells a compelling story. The lot size is its standout feature, ranking in the top 7% across Winnipeg, which is uncommon for such a central area. While the home itself is of a practical, one-level design from the 1950s, the sheer scale of the yard offers a blank canvas for future possibilities—whether that's a major addition, a detached garage, or simply expansive private green space. It sits in a desirable community where it outperforms 82% of homes in lot size. The trade-off is that the house, being 71 years old, will likely require updates, making it ideal for a buyer whose vision extends beyond the existing structure. It’s a home for those who prioritize location and long-term potential over immediate move-in perfection.
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 lot size ranks in the top 7% city-wide, meaning it's larger than 93% of Winnipeg properties. Conversely, its build year is older than 69% of city homes, providing context for its vintage and potential renovation needs.
2. Is the price listed the asking price?
No, the "$32万" (320,000) figure shown is the municipal assessment value for tax purposes, not the seller's asking price. Market value is determined by current conditions and will be set by the seller.
3. What are the implications of a "Split Level Garage"?
This typically means a detached garage that is wider than it is deep, often with separate doors for two vehicles. It confirms off-street parking but, being detached, may require walking outdoors to access the house.
4. The lot is large, but are there any restrictions on what I can build?
Potentially yes. While the lot size offers great potential, any significant new construction like an addition, garage, or deck would require checking with the city for zoning bylaws, setback requirements, and necessary permits.
5. Why is the assessment value ranking lower than the lot size ranking?
The assessment reflects the city's valuation of the current property—the land and the existing 71-year-old house. The high lot size ranking shows the asset's inherent value, while the lower assessment ranking suggests the existing structure may be valued modestly compared to newer or more renovated homes in the area. This gap can indicate where future value may be added.