Property Overview: 373 Haney Street, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, single-storey home in the established Varsity View neighbourhood. Its primary appeal lies in a rare combination for the area: a very large, 6,778 sqft lot paired with a functional, 1,244 sqft living space that includes a finished basement. Built in 1961, the home presents a solid foundation and is positioned in a mature community known for its proximity to the University of Manitoba.
The property’s standout strength is its land. The lot size ranks in the top 19% across all of Winnipeg, offering exceptional outdoor space for gardening, play, or future expansion in a highly sought-after neighbourhood. While the house itself is modest in size and era, its value ranking suggests it is assessed as a more affordable entry point into this location. This home would ideally suit first-time buyers, downsizers, or value-focused investors who prioritize land size and location over a modern or large interior. It’s a property with "good bones" where the appeal is grounded in long-term potential and the stability of a great community, rather than immediate turn-key luxury.
Section 2: Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a quiet, mature residential area directly adjacent to the University of Manitoba. It offers a blend of academic community feel and family-oriented stability, with convenient access to transit, parks, and university amenities.
2. Is there potential to expand or rebuild on this lot?
The exceptionally large lot size is a key feature that could accommodate additions, a garage, or even a future rebuild (subject to city zoning bylaws and permits). This flexibility is a significant long-term value driver.
3. What should I know about a home built in 1961?
Buyers should budget for a thorough inspection. While the home has been maintained, original components like the roof, windows, plumbing, and electrical systems may be nearing or past their typical lifespan and could require updating.
4. There’s no garage. Can one be built?
Given the ample lot size, adding a garage or carport is a very feasible project. This would be a valuable improvement to consider, though it represents an additional investment post-purchase.
5. How does the assessment value relate to the asking price?
The home’s assessed value is notably lower than many in its immediate area, ranking in the bottom third on its street. This can indicate a more affordable tax base but often reflects the home’s age and condition relative to neighbours. It’s important to evaluate the market price based on recent sales of comparable properties, not assessment value alone.