Property Overview & Key Characteristics
This is a spacious, well-maintained bungalow in Winnipeg's Varsity View neighbourhood, built in 2000. Its primary appeal lies in its generous 7,311 sqft lot and its efficient, single-level living layout with a finished basement, offering significant space and flexibility. The property ranks highly city-wide for its lot size (top 15%) and assessed value (top 8%), indicating a premium position relative to the broader market. It features a fully finished basement and an attached garage.
The home is ideally suited for buyers seeking a move-in ready bungalow—perfect for downsizers, small families, or those who prefer single-storey living—on a large, private lot in an established, academic-adjacent community. Its strong city-wide rankings suggest a solid, long-term investment in a desirable location. A thoughtful perspective is that while its living area is modest relative to the lot size, this presents an opportunity for future expansion or outdoor living projects, making it appealing to both those who want immediate ease and those with future renovation plans.
Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
With 1,476 sqft of living space, it is comfortable but not oversized for the area, ranking in the top third locally. The true standout is the lot, which is significantly larger than most in Winnipeg.
2. What does the high assessment value ranking mean?
Ranking in the top 8% in Winnipeg for assessed value suggests the property is viewed by assessors as a higher-value asset compared to most homes in the city, which can be a positive indicator of underlying value and neighbourhood desirability.
3. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance and permitted use with the city if considering a rental opportunity.
4. What is the significance of the varying rankings?
The rankings show the property's relative standing. It is strongest on a city-wide scale (lot size, value) and within its specific community for age and value. This indicates it's a newer, valuable home on a large lot, even if it's a more average size on its own street.
5. Who might this property not suit?
It may not suit buyers seeking a very large interior footprint above grade, as the living area is modest relative to the lot. Those wanting a brand-new build or a home requiring no updates should also note it is now 26 years old.