Property Overview & Key Characteristics
This 1973-built, single-storey home in Varsity View offers a well-maintained and spacious living environment on a large, approximately 9,171 sqft lot. Its key appeal lies in its generous scale and established neighborhood setting. The home features 1,343 sqft of living space, a finished basement, and an attached garage. Its standout characteristic is the exceptional lot size, which ranks in the top 5% within its immediate street and provides significant outdoor space and potential in a mature area. The property also shows strong overall value, with an assessed value ranking in the top third across Winnipeg.
This home would best suit buyers looking for a solid, no-frills bungalow with room to grow or customize, whether that means gardening, expanding, or simply enjoying a large private yard. It's ideal for those who prioritize lot size and interior space over a newer build, and who value a stable, established community over a brand-new subdivision. The finished basement adds functional flexibility for a growing family, a home office, or a recreation space.
Frequently Asked Questions
1. How does the age of the home (53 years) affect its value and appeal?
While newer homes rank higher, this property’s value is bolstered by its large lot and spacious interior. Its appeal is for buyers who see the lot size and floor plan as a foundation, understanding that some updates may be part of the long-term investment.
2. What does the "finished basement" entail?
The listing confirms the basement is finished, adding to the home's usable living area. Prospective buyers should verify the quality, layout, and ceiling height of the finish during a viewing to assess its true functionality.
3. The lot is large, but what is its practical use?
Beyond gardening and play space, a lot of this size in an established neighborhood offers rare potential for additions like a large deck, shed, or even future expansion of the home itself, subject to local bylaws.
4. How should I interpret the various ranking percentages?
They show the property's competitive standing. Key takeaways: the lot size is exceptional locally; the living space is above average; and the assessed value is strong city-wide, suggesting it's a substantial property for its price bracket.
5. What is the neighborhood (Varsity View) like?
As a mature neighborhood near the University of Manitoba, it typically offers a mix of academic professionals, families, and long-term residents. The high lot-size ranking on the street suggests a premium, spacious feel within that community.