Property Overview
This 1989 two-storey home in Varsity View offers a well-established family footprint on a generous 6,540 sqft lot. Its key appeal lies in its above-average scale and proven value within a mature neighbourhood. With over 2,000 sqft of living space, a finished basement, and an attached garage, it provides practical, spacious living. The data suggests a home that outperforms most local comparables in size and has a strong history of value retention, evidenced by its 2021 sale price.
It would suit buyers looking for a move-in ready family home without the premium of a brand-new build. It’s particularly fitting for those who value larger interior space and a sizable yard over being in the absolute newest property on the block. A thoughtful perspective is that this home represents the "established middle" – it offers more room and land than many contemporary builds at a similar price point, but comes with the typical maintenance considerations of a 37-year-old structure.
Key Details & FAQs
Key Characteristics & Appeal
- Spacious & Established: The home's primary advantage is its size, ranking in the top quarter of the neighbourhood for living area and on a lot larger than most in Winnipeg.
- Value & Stability: Its assessment and last sale price indicate a property that has held its value strongly relative to the broader market, ranking in the top 11% and 8% city-wide, respectively.
- Target Buyer: Ideal for practical, space-seeking families or downsizers wanting ample room without a new construction budget. It suits those comfortable with a mature home's character and upkeep.
Frequently Asked Questions
1. How does the age of the home affect its value?
While 37 years old, the home ranks newer than 74% of Winnipeg properties. Its value is bolstered more by its above-average size and lot than by its age, positioning it as a well-maintained, established option rather than a modern one.
2. Is the finished basement included in the listed living area?
Typically, municipal living area (the 2,021 sqft) does not include basement space. The finished basement is therefore additional, flexible square footage.
3. What do the ranking percentages actually mean?
They show how this property compares to others. For example, ranking "in the top 9% for living area in Winnipeg" means 91% of city homes are smaller. This quantifies its relative size and value advantage.
4. The last sale was in 2021. Is the current price reasonable?
The 2021 sale at $585,000 surpassed the assessment at that time, showing strong market demand. The current $550,000 assessment provides a baseline, but the final price will reflect current market conditions and the home's maintained condition.
5. What are the less obvious pros and cons of a home like this?
A subtle pro is the established neighbourhood with likely mature landscaping and settled infrastructure. A consideration is that systems (roof, HVAC, windows) may be at or entering stages of planned replacement, which should be factored into budgeting.