Property Overview
This 1969 one-storey home in Varsity View offers a classic, low-maintenance layout on a large, 8,152 sqft lot. Its key appeal lies in the combination of a generous, private yard—a rarity in mature neighbourhoods—with a fully finished basement, effectively expanding the 1,168 sqft main floor living space. The property’s value is underscored by its strong city-wide rankings; it sits in the top 11% for lot size and the top 33% for assessed value in Winnipeg, indicating a well-regarded asset relative to the broader market.
The home suits first-time buyers or downsizers seeking a manageable single-level floorplan without sacrificing outdoor space. It also appeals to value-conscious investors or renovators, given the solid lot equity and the neighbourhood's enduring demand. A less obvious perspective is its potential for lateral expansion or garden suite development (subject to zoning), making the sizable lot a long-term strategic asset beyond the existing home.
Frequently Asked Questions
1. How does the 1969 build year affect the home?
While the structure is from 1969, the fully finished basement suggests updates. Buyers should budget for standard maintenance expected of a home of this age, particularly focusing on the roof, windows, and major systems, but can also appreciate the character and established neighbourhood that comes with it.
2. What does the "top 11% for lot size in Winnipeg" ranking mean practically?
This statistic isn’t just about bragging rights. It means you own a larger-than-average parcel of land in the city, offering superior privacy, space for gardening, play, or entertaining, and potentially greater future value as larger lots become increasingly scarce.
3. Is the 2021 sale price relevant today?
The 2021 sale of $385,000 provides a recent benchmark, but the current $407,000 assessment offers a more up-to-date, municipal valuation for tax purposes. Market value will depend on current conditions, recent upgrades, and the property's presentation.
4. Who is the typical buyer in Varsity View?
The neighbourhood attracts a mix of university staff, families drawn to the central location and mature setting, and long-term residents. This home, with its single-level layout, particularly appeals to those looking to avoid stairs.
5. What are the immediate next steps for a new owner?
Priorities would be to verify the scope and permits for the basement finish, conduct thorough inspections due to the home's age, and consider how to best utilize the exceptional lot size—whether for immediate enjoyment or long-term planning.