Property Overview: 393 Haney Street, Varsity View, Winnipeg
Key Characteristics & Appeal
This 1958-built home on Haney Street presents a solid, middle-of-the-road offering in the established Varsity View neighborhood. With 1,120 sqft of living space, it sits comfortably within the average range for similar homes on its street, in the neighborhood, and across Winnipeg. Its assessed value of $365k follows a similar pattern, being typical for the immediate area while positioned below the neighborhood average, which may indicate room for value appreciation.
The property’s standout feature is its 7,432 sqft lot. While it is smaller than many on Haney Street, it is notably larger than the typical Winnipeg lot, offering above-average outdoor space for the city. This creates a distinct opportunity: you get a generous yard in a mature neighborhood without necessarily paying the premium for an oversized home. The home’s 1958 construction date means it is older than many in the area, suggesting buyers should be prepared for the character and potential update needs of a mid-century house.
This home would suit a practical buyer looking for a grounded entry into a desirable neighborhood. It’s ideal for someone who values a larger, private outdoor space over a maximized interior footprint and is comfortable with a home that may benefit from personalized updates. It represents a balance—offering stability and location without the premium price of a newer or fully renovated property on the same street.
Frequently Asked Questions
Q: How does the home’s value compare to others in the area?
A: The home’s assessed value is typical for Haney Street itself but is below the current average for the wider Varsity View neighborhood. This could represent a relative value opportunity within a sought-after area.
Q: Is the lot size a pro or a con?
A: It depends on your priorities. The lot is smaller than most on Haney Street, but it is significantly larger than the average Winnipeg lot. This means you get more yard than most city homes, but less than your immediate neighbors.
Q: What should I consider about the 1958 build year?
A: Being older than many homes in the neighborhood, it’s wise to pay close attention to the condition of major aging components like the roof, plumbing, electrical systems, and windows during an inspection. This era of home also often comes with charming character details.
Q: The living area is described as "around average." What does that mean for daily life?
A: It indicates the space is functional and in line with typical expectations for the area. It should comfortably accommodate a small family or couple but may feel compact for those needing multiple dedicated work or hobby rooms without creative use of the floor plan.
Q: Does the below-average assessed value for the neighborhood mean the property is undervalued?
A: Not necessarily. The assessment reflects a combination of the home’s size, age, condition, and lot. Its position suggests it is a more modest property within a neighborhood that contains larger or more recently updated homes, which is factored into the valuation.