Property Overview
This 1987-built, two-storey home in Varsity View offers a well-established and spacious family living environment. Its key appeal lies in its generous proportions, both in the 2,087 sqft living area and the large 8,037 sqft lot, providing ample room indoors and out. The home features a finished basement and an attached garage. Its standout characteristic is its strong relative value within the wider Winnipeg market, ranking in the top 11% for lot size and top 8% for both living area and assessed value among all city properties. This suggests you get more space for your investment compared to most of the market. It would suit buyers looking for a mature, roomy property in a long-established neighbourhood, who prioritize lot size and interior space over a brand-new build. A thoughtful perspective is that while the home is nearly 40 years old, its rankings indicate it has been well-maintained and remains competitive, offering a balance between established charm and modern livability.
Frequently Asked Questions
1. What do the ranking percentages (e.g., "top 11%") actually mean?
They show how this property compares to others in its immediate street, Varsity View neighbourhood, and all of Winnipeg. For example, being in the "top 8%" for living area in Winnipeg means 92% of homes in the city are smaller. It's a data-driven way to see the home's competitive standing.
2. Is the finished basement included in the 2,087 sqft living area?
Typically, "living area" refers to above-grade, heated space. The finished basement is an additional feature, meaning the total usable space in the home is greater than the listed 2,087 sqft.
3. The home is 39 years old. What should I consider?
While the rankings suggest it's in good relative condition, a home of this age will likely have had some updates. A key focus should be on the major systems (roof, windows, furnace, plumbing) and understanding what renovations have been completed, and when.
4. How does the assessed value relate to the likely selling price?
The municipal assessment ($587,000) is for tax purposes and is based on mass appraisal techniques. The market price is determined by current buyer demand, recent sales of comparable homes, and the property's specific condition. The assessment is a useful benchmark but not a guaranteed sale price.
5. What is the neighbourhood vibe of Varsity View?
As a mature community near the University of Manitoba, it typically offers a quiet, residential feel with a mix of long-term residents and academic families. The very large lot size of this property is a notable feature that provides extra privacy and space not always found in such central neighbourhoods.