Property Overview & Key Characteristics
This is a well-established, single-storey home in the Varsity View neighbourhood, built in 2000. Its primary appeal lies in its generous 6,801 sqft lot—a significant size that ranks in the top half of its street and offers substantial outdoor space. The home features 1,600 sqft of living area, a finished basement, and an attached garage. The property presents a compelling value proposition, as its municipal assessment of $610,000 ranks notably high, placing it within the top 7% of all Winnipeg homes, suggesting strong underlying value for the area.
Its appeal is multifaceted: it offers the space and maturity of a 26-year-old property on a large lot, within a community where it is newer than most (ranking in the top 14% of the neighbourhood for age). It would suit buyers looking for a grounded, spacious property in a central neighbourhood without the premium of a brand-new build. It’s particularly suitable for those who prioritize lot size over sheer interior square footage, or for value-conscious buyers who see potential in a home that is assessed significantly higher than many of its peers.
Five Frequently Asked Questions
1. What does the high assessment ranking mean?
The assessment of $610,000 ranks this property in the top 7% in Winnipeg and top 12% in Varsity View. This typically indicates the city assesses it as having above-average value compared to a broad range of properties, which can be a positive signal for long-term equity, though the final market price is determined by buyer demand.
2. Is the living space smaller than average?
At 1,600 sqft, the living area is smaller than about 73% of homes on its specific street, but it is larger than most in the wider community and city. This suggests the home’s value is balanced more toward its large lot and overall property rather than maximizing interior square footage.
3. How does the age of the home factor in?
Built in 2000, the home is newer than 86% of properties in Varsity View. This means major components like the roof, windows, and HVAC system are likely within or approaching a key maintenance or replacement window, which is an important consideration for budgeting.
4. Who would this property suit best?
It’s an excellent fit for buyers seeking a established home with a very large yard in a central neighbourhood. It would also suit those who interpret the high assessment relative to its street as an opportunity, or who prefer a single-level layout (bungalow) which offers main-floor living and accessible basement space.
5. What are the less obvious points to consider?
The rankings show a interesting dynamic: while the lot size and assessment are strong, the living area is more modest for the street. This highlights a trade-off—you’re acquiring significant land. Additionally, being newer than most in the area is a advantage, but it also means you won’t find the classic character of an older Varsity View home. The value here is in space, relative modernity, and solid assessed worth.