Property Overview & Key Characteristics
This is a spacious, well-maintained bungalow in the established Varsity View neighbourhood. Built in 2000, its key appeal lies in offering modern convenience within a mature setting. The home features a generous 1,872 sqft of living space and sits on a large 7,085 sqft lot, providing ample room both indoors and out. A significant advantage is the already-finished basement, which adds considerable functional space. The property ranks highly across Winnipeg for its above-average living area and notably high assessed value, suggesting it is a substantial and well-regarded home in the broader market.
Its primary appeal is to buyers seeking single-level living without compromising on space, such as downsizers or young families who value the bungalow layout. The large lot is a standout for gardening, outdoor play, or future expansion. A less obvious perspective is its positioning within Varsity View: while newer than most homes in the area, it offers a turn-key option in a neighbourhood where many properties may require significant updates. It suits a buyer looking for a move-in ready home with strong investment metrics, as indicated by its high percentile rankings for value, in a desirable and central location.
Frequently Asked Questions
1. What does the high assessment value percentile mean?
The home’s assessed value places it in the top 5% of all Winnipeg properties and top 8% within its own community. This typically indicates it is considered a higher-value property relative to its peers, which can be a sign of its condition, size, and desirability, but it's important to compare this with current market prices.
2. Is the neighbourhood mostly older homes?
Varsity View is an established area, but this home, built in 2000, is newer than approximately 86% of homes in the community. This offers a balance of mature trees and streetscapes with more contemporary construction and systems.
3. What are the advantages of a finished basement in a bungalow?
In a one-storey home, a finished basement effectively doubles the usable living area. It’s ideal for creating separate zones for entertainment, home offices, or guest suites, which is a key feature for maximizing space in a bungalow layout.
4. How does the lot size compare?
At over 7,000 sqft, the lot is significantly larger than many standard urban plots. This provides exceptional private outdoor space, potential for landscaping projects, and a greater sense of privacy.
5. Who might this home not suit?
Given it's a bungalow, those specifically seeking a multi-storey layout with clear bedroom separation on an upper floor may prefer a different style. The high assessment value may also translate to property taxes that are above the city average.