Property Overview
This 1990-built, two-storey home on a large, 8,924 sqft lot in Varsity View offers a compelling blend of space, established character, and a prime location. Its key appeal lies in its generous proportions, ranking in the top 10% of Winnipeg homes for living area at 2,490 sqft, and its significant, private lot size. The home features a finished basement and an attached garage. Its value is underscored by an assessed value of $729,000, which places it in the top 3% city-wide.
Beyond the raw numbers, the home’s strength is its balanced performance across key metrics. It isn't just large; it's also notably newer than most homes in its immediate area, ranking in the top 3% on its street for age. This suggests a well-situated property in a mature neighbourhood without the upkeep challenges of a much older build. It would particularly suit buyers looking for established community feel with ample indoor and outdoor space for a family, or those who value a property that stands out in size and assessment value within a desirable, central neighbourhood like Varsity View.
Frequently Asked Questions
1. What does the "Two/One Storey" building type mean?
This typically describes a home that presents as a bungalow from the front but has a full second storey at the back, often taking advantage of a sloped lot. It offers the street presence of a one-storey home with the interior space of a two-storey.
2. The home is 36 years old. What should I consider?
While newer than most on its street, a 1990 build means major systems (roof, windows, furnace) may be nearing or due for replacement. A thorough inspection is crucial, but the upside is that the home likely benefits from more modern layouts and insulation standards than much older character homes.
3. How significant is the lot size?
At nearly a quarter-acre (8,924 sqft), the lot is a major asset. It offers exceptional privacy, room for gardening, play, or expansion, and ranks highly for its size. This is a key differentiator from newer subdivisions with smaller lot footprints.
4. The assessment is $729,000. Does this dictate the selling price?
Not directly. The assessed value is for municipal tax purposes and can be a benchmark, but the market sale price is determined by current buyer demand, condition, and comparable sales. The fact it ranks in the top 3% for assessment in Winnipeg, however, strongly indicates a high-value property.
5. What are the advantages of the Varsity View location?
Varsity View is a central, established neighbourhood known for its proximity to the University of Manitoba, strong schools, and mature tree-lined streets. The high rankings within the community for size, value, and age suggest this is a standout property in a consistently desirable area.