Property Overview & Key Characteristics
This 1974-built bi-level home at 418 Chalfont Road sits on a large, mature lot in Winnipeg's established Varsity View neighborhood. Its primary appeal lies in the combination of a generous 9,404 sqft property—a rarity that ranks in the top 7% for size city-wide—and a move-in-ready layout featuring a finished basement. The home offers 1,160 sqft of living space with the practical benefits of a single attached garage.
The property’s standout strength is its land value and established location. While the house itself is of average size for the area, the lot size is a significant asset, offering ample outdoor space and future potential in a central community. It suits buyers looking for a solid, no-fuss home in a quiet, tree-lined neighborhood without the premium of a new build. It would particularly appeal to those who prioritize yard space over square footage, or to practical-minded owners who see the long-term value in land and location. The finished basement adds immediate functional living space, making it a pragmatic choice for small families, couples, or investors seeking a stable rental property in a high-demand academic area near the University of Manitoba.
Frequently Asked Questions
1. How does the lot size impact value?
The lot is substantially larger than average, ranking in the top 7% in Winnipeg. This is a permanent feature that adds inherent value, provides privacy and outdoor space, and can be a key factor for future redevelopment or enjoyment.
2. Is the bi-level style a pro or a con?
This depends on preference. Bi-levels offer efficient use of space with distinct living and sleeping zones, but often have entryway stairs. It's a practical, common style in Winnipeg, ideal for those who don't mind split-level living.
3. The house was built in 1974; what should I check?
While systems like roof, windows, and furnace have likely been updated over the years, a thorough inspection is advised to verify the condition of these components, along with the foundation and plumbing, common consideration points for homes of this era.
4. Who are the typical neighbors in Varsity View?
The community is a mix of long-term residents, university staff, students (often in rentals), and young families, creating a quiet but academically-influenced atmosphere with good access to amenities and transit.
5. How should I interpret the provided rankings?
They are useful for quick comparison. Notably, this property ranks higher for its lot size than for the house's age or living area, highlighting that the land is its most competitive feature relative to other homes in the area.