Property Overview & Key Characteristics
This 1927 one-storey home in Varennes sits on a generous 4,351 sqft lot, offering more space than most in its immediate area. Its key appeal lies in the balance of a renovated basement and a detached garage, providing both modern convenience and practical storage on a sizable piece of land. The living area of 827 sqft ranks well above average for Winnipeg, suggesting a comfortable footprint within a character home.
Its appeal is grounded in value and potential. The lot size is a significant asset, offering room for gardens, expansion, or simply more privacy than newer infill properties. The home would suit a first-time buyer looking for a solid entry point into the market with a manageable living space and a project-ready canvas, or a downsizer seeking a single-level layout with a low-maintenance exterior and the bonus of a renovated basement for extra living or hobby space. A thoughtful perspective is that its above-average rankings for living area and lot size, paired with a below-average assessed value, indicate a property where the intrinsic value may not be fully reflected in the official valuation, presenting an opportunity.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, legal egress, or moisture control are not provided. This would be a key area for inspection and discussion with the seller.
2. How does the 1927 age affect the home?
While the home has character, buyers should budget for and investigate age-related systems. This includes the roof, plumbing, electrical wiring, and insulation, which may need updating or have already been addressed.
3. The assessed value seems low. What does this mean?
The assessed value is for municipal tax purposes and is not a market valuation. It can be influenced by many factors, including recent sales and renovation permits. The market price is determined by current buyer demand.
4. What is the neighbourhood like?
The home is in Varennes, a mature neighbourhood. The listing shows it ranks in the top 25% for lot size within its neighbourhood, suggesting it's among the more spacious properties on the block, which can contribute to a less crowded feel.
5. Are the mechanical systems updated?
The listing does not mention the age or condition of the furnace, water heater, or air conditioning. Given the home's age, understanding the state and efficiency of these major components is essential for planning.