Property Overview
This 1977-built, one-storey home in Varsity View offers a practical layout with 1,382 sqft of living space on a generous 5,553 sqft lot, complete with a finished basement and attached garage. Its appeal lies in a balance of established community character and above-average metrics for the area. The property ranks notably well for its lot size and assessed value within Winnipeg, suggesting a solid foundation of underlying value. It suits buyers looking for a manageable, single-level home in a mature neighbourhood, particularly those who prioritize space and a finished basement over a modern build. A thoughtful perspective is that while the home's age is average for the street, its above-average assessment and lot size could indicate well-considered updates or inherent potential that the market recognizes.
Key Details & FAQs
Key Characteristics & Ideal Buyer
This is a grounded, practical home in a well-established neighbourhood. Its key characteristics include a fully finished basement, an attached garage, and a lot size that is larger than most in Winnipeg. The appeal lies in its move-in-ready functionality and the data-backed value proposition: it outperforms a significant majority of city homes in assessed value and lot size rankings. It would best suit first-time buyers, downsizers seeking single-level living, or value-focused investors who appreciate the stability of a home that already shows strong market positioning for its core attributes.
Frequently Asked Questions
1. What do the rankings actually mean?
They show how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, ranking "in the top 41%" for lot size in Winnipeg means 59% of city homes have a smaller lot, highlighting this as a relative strength.
2. Is the age of the home (49 years) a concern?
While newer than most on its street, the home will likely require attention to aging components like the roof, windows, or mechanical systems. Its better-than-average assessment value for the area could reflect past updates, but a thorough inspection is essential.
3. Who would this home not suit?
It may not suit buyers seeking a brand-new, low-maintenance property or those who need extensive square footage above grade, as the living area is fairly standard for the market.
4. How does the finished basement impact the value?
It adds functional living space, which is a significant asset. However, the quality and compliance of the finish should be verified, as older renovations may not meet current standards.
5. The assessed value seems high for a home of this age and size. Why?
Assessed value considers more than just size and year. The above-average rankings suggest factors like the desirable lot size, the finished basement, the garage, and potentially the home's condition or specific location on the street contribute to its official valuation.