This home is defined by its substantial, mature lot in a sought-after neighborhood. The primary draw is the land itself—over 14,500 square feet—which places it in the top tier of properties in Varsity View, Winnipeg, for lot size. This offers exceptional outdoor space, privacy, and potential for gardening, expansion, or future development, subject to zoning. The house is a classic one-and-a-half story built in 1942, with a modest 1,174 sqft of living space and an unfinished basement, presenting it as a solid "blank canvas." Its appeal lies in this combination: a premium location on a massive lot with a home that is livable but ripe for personalization or future investment. It would perfectly suit a buyer looking for a long-term family home with room to grow, a renovator seeking to add value, or an investor attentive to the irreplaceable value of large lots in established central neighborhoods.
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What does the lot size ranking actually mean? The data shows this property's lot size surpasses 94% of homes in Varsity View and 98% in all of Winnipeg. This isn't just a big yard; it's a uniquely large parcel for the area, which is a significant and rare asset.
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The house is older and smaller than average for the area. Is that a concern? This is the trade-off for the large lot. The rankings confirm the home itself is older and more modest in size compared to neighbors. Buyers should budget for updates and see value in the land and location, with the house offering functional living space to build upon.
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Is the unfinished basement a drawback? It depends on your needs. It provides ample storage and mechanical space but requires investment to become finished living area. For some, this is a cost; for others, it's an opportunity to customize without undoing previous work.
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Who is the typical buyer in Varsity View? The neighborhood is popular with families, university affiliates, and professionals due to its central location, strong community feel, and proximity to amenities and schools. This property attracts those same buyers who specifically prioritize expansive outdoor space.
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How should I interpret the assessment value relative to the asking price? The city's assessment is one data point for taxation, not market value. That it's assessed lower than many area homes reflects the city's view of the current structure. The market price will largely reflect the premium for the lot's size and location potential.