Property Overview
This 1987-built, single-storey home in Varsity View offers a practical and spacious family layout on a large, 8,128 sqft lot. Its key appeal lies in the combination of a fully finished basement, a generous and private yard, and the established, quiet feel of the neighbourhood. The home’s overall assessed value ranks highly within Winnipeg, suggesting a solid investment in a desirable area. However, the living space is more modest relative to the lot size and the home’s age means prospective buyers should budget for ongoing maintenance and potential updates.
It would suit buyers looking for single-level living, those who prioritize outdoor space for gardening or recreation over a large interior footprint, and families seeking a home in a mature community with a proven track record of value retention. It’s a property for someone who sees potential in the existing structure and values space around their home.
Frequently Asked Questions
1. How does the large lot size impact the property?
Beyond providing ample private outdoor space, a lot of this size in an established area is a significant long-term asset. It offers potential for future additions like a deck, shed, or garden, and typically contributes to the property's enduring value relative to homes on smaller plots.
2. The home ranks highly for value but lower for living area size. What does this indicate?
This suggests the property’s worth is driven strongly by its location, lot size, and the inclusion of a finished basement, rather than pure above-ground square footage. Buyers should consider if the layout and finished basement space meet their needs, as the main floor living area is more compact.
3. What should I consider about a home built in 1987?
Homes from this era may have original components, like windows, roofing, or major mechanical systems (furnace, water heater), nearing the end of their typical lifespan. A thorough inspection is crucial to understand the condition and prioritize any necessary updates.
4. What are the benefits of a fully finished basement here?
It effectively adds usable living space, which is valuable given the modest main floor area. This space could serve as a family room, home office, or additional bedrooms. Ensure to check for proper moisture control and ceiling height to confirm it meets your requirements.
5. The "ranking" data shows strong community and city-wide standings but varied street rankings. How should I interpret this?
This indicates the home is in a sought-after neighbourhood and city-wide market, but its specific attributes (like age or floor plan) are more common on its own street. It’s a reminder to compare the home directly with immediate neighbours during your evaluation.