Property Overview & Key Characteristics
This 1974-built, single-storey home in Varsity View sits on a generous 6,020 sqft lot and features a finished basement and a detached garage. Its key appeal lies in a combination of established neighbourhood character, a larger-than-average lot for the area, and recent updates reflected in its value growth. The home sold for $435,000 in June 2024, a significant increase from its 2022 sale price, indicating strong market recognition.
The property would suit first-time buyers or downsizers looking for a manageable, single-level layout in a mature community. Its substantial lot also offers appeal for those with future expansion or landscaping projects in mind. A less obvious perspective is its relative ranking: while the living space is modest, the home outperforms a majority of Winnipeg properties in lot size, age, and recent sale value, suggesting its strengths are in the land and location rather than square footage.
Frequently Asked Questions
1. How does the finished basement add to the living space?
While the main floor living area is 1,072 sqft, the finished basement provides additional flexible space for a family room, home office, or guest area, effectively increasing the usable square footage beyond the official listing.
2. What does the detached garage mean for parking and storage?
A detached garage offers secure parking for one vehicle and provides valuable separate storage space. It's a practical feature for homeowners with tools, seasonal items, or who appreciate a clear separation between their vehicle storage and living quarters.
3. The home is over 50 years old. What should I consider?
The 1974 build date means potential buyers should prioritize a thorough inspection of major aging components, such as the roof, windows, plumbing, and electrical systems, to understand any upcoming maintenance or update needs.
4. The lot is large, but what are the implications?
A 6,020 sqft lot is a standout feature, offering ample backyard space for gardening, recreation, or future additions like a deck or shed. However, it also means more yard maintenance compared to properties with smaller lots.
5. The sale price jumped significantly between 2022 and 2024. Why?
The increase from $353,000 to $435,000 likely reflects a combination of market-wide appreciation and specific improvements made to the property by the owners during that period. It underscores the importance of reviewing any known upgrades and recent neighbourhood sales for context.