Property Overview & Key Characteristics
This is a well-established, single-family home in Winnipeg's Varsity View neighbourhood. Built in 2001, it offers a practical layout over one storey with a finished basement, situated on a generous 7,086 sqft lot with an attached garage. The data suggests a property that balances space, location, and modern convenience.
Its primary appeal lies in its strong relative value within the broader Winnipeg market. The home ranks highly for its living space, lot size, and assessed value compared to most of the city, indicating a solid investment in a desirable area. The Varsity View location offers established community charm with good access to amenities and the University of Manitoba.
This home would suit buyers looking for a move-in ready, single-level living option with room to grow, whether that's a young family seeking stability or downsizers wanting space without the maintenance of an older property. It’s for those who value data-backed metrics—like being in the top tier of the city for lot size and assessed value—as much as the character of the neighbourhood.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, neighbourhood, and all of Winnipeg. For example, ranking in the "top 12%" for assessed value in Winnipeg means it is valued higher than 95% of other homes, often reflecting its lot size, condition, and location.
2. Is a one-storey home efficient for the square footage?
With 1,890 sqft of living space spread over one main floor and a finished basement, the layout may offer better separation of living and sleeping areas than a bungalow, and potentially easier accessibility, which is a thoughtful long-term consideration.
3. The home is 25 years old. What should I be mindful of?
A 2001 build means major components like the roof, HVAC, and windows may be nearing or due for planned replacement. A thorough inspection is key, but this age also means the home avoids some older construction issues while being established in a mature landscape.
4. How does the lot size impact the property?
At over 7,000 sqft, the lot is significantly larger than many in Winnipeg (top 16%). This not only provides ample outdoor space but also contributes substantially to the property's assessed value and offers potential for additions, gardening, or privacy.
5. What is the neighbourhood character of Varsity View?
As a well-established area near the university, it typically offers a mix of academic professionals, families, and long-term residents. The high rankings within the community for newer construction (top 13%) and living space (top 15%) suggest it's a pocket of larger, more modern homes compared to the wider area.