Property Overview
179 Bloomer Crescent is a well-maintained, early-2000s home in Varsity View that presents a distinct value proposition. Its appeal lies in offering a modern build on a manageable lot within an established neighbourhood, positioned at a more accessible price point compared to its immediate street.
Key Characteristics & Ideal Buyer
This 1,252 sqft bungalow, built in 2003, is notably newer than most homes in Winnipeg and is one of the newest on its own street. While its living space and lot size (5,476 sqft) are modest compared to neighbouring properties, this translates to a lower assessed value ($494k) than the street average. This creates an interesting dynamic: you're acquiring a relatively recent build in a mature area without the premium price tag of the larger, older homes surrounding it.
The property would suit practical buyers seeking a low-maintenance, modern home in a convenient location. It's ideal for first-time buyers entering a desirable neighbourhood, downsizers looking for a bungalow without extensive grounds to care for, or investors attracted by the newer infrastructure and rental appeal near the university. It appeals to those who prioritize the condition and age of the home over sheer square footage or expansive outdoor space.
Frequently Asked Questions
1. Is this house significantly smaller than others in the area?
Yes, compared to other homes on Bloomer Crescent itself, the living area is below the street average. However, it is much closer to the average size for both the wider Varsity View neighbourhood and the city of Winnipeg as a whole.
2. Why is the assessed value lower than the street average?
The assessed value reflects specific property characteristics. The primary factors here are the smaller living area and the smaller lot size relative to the other, typically larger homes on the street. This results in a value that is below the street average but above the citywide average.
3. What are the advantages of a newer home in an older neighbourhood?
A 2003 build offers modern construction standards, wiring, plumbing, and insulation, which can mean greater energy efficiency and fewer major system replacements in the near term compared to a mid-century home. This can reduce unexpected maintenance costs.
4. How might the smaller lot size affect me?
The lot is manageable, requiring less time and effort for landscaping and yard maintenance. This is often seen as a benefit for busy professionals or downsizers. However, it may limit options for large additions, pools, or extensive gardening compared to neighbours with larger plots.
5. Does being "below average" for the street mean it's a poor investment?
Not necessarily. It can represent an entry point into a sought-after location. The newer build is a key asset, and the value is supported by its above-city-average assessment. Its appeal may align perfectly with a specific buyer segment, ensuring steady market interest.