Property Overview & Key Characteristics
This 1968-built, single-storey home in Varsity View offers a classic, low-maintenance layout with a fully finished basement. Its primary appeal lies in its generous 8,152 sqft lot—a significant and increasingly rare asset in a central neighbourhood—providing ample space for gardening, play, or future expansion. With over 1,400 sqft of living space, it ranks well above average for size within its immediate area. The property's strongest competitive edge is its city-wide ranking: its lot size places it in the top 11% of all Winnipeg properties, suggesting exceptional outdoor space for the location. It suits buyers looking for a solid, established home with room to breathe, who value a large yard over a modern build or garage. It would particularly appeal to downsizers seeking single-level living without sacrificing garden space, or to families prioritizing lot size and location who are comfortable with a home of vintage character.
Frequently Asked Questions
1. How does the 1968 build year affect the home?
While the home ranks as newer than about half of Winnipeg's housing stock, buyers should anticipate updates consistent with its era, such as original windows or mechanical systems, and budget accordingly.
2. The listing shows no garage. What are the parking options?
The property does not include a garage. However, the very large lot may offer potential for adding a parking pad or future garage, subject to city bylaws and permits.
3. What does the "fully finished basement" include?
The details provided confirm the basement is finished, adding to the livable space. Specifics on room layout, ceiling height, and moisture control should be verified during a viewing.
4. The assessed value is $389,000. How should I interpret this?
The assessment is for municipal tax purposes and indicates the home ranks in the top 40% for value on its street. Market value is determined by current sale prices and may differ; consult a real estate professional for a valuation.
5. The rankings show high marks for lot size but lower ones for build year. What's the takeaway?
This highlights the property's core trade-off: it offers a premier, large lot in a desirable area, but the home itself is of average age for the city. The value proposition is land-centric, ideal for those who see potential in the location and space.