Property Overview
This 2002-built, one-storey home in Varsity View offers a practical and spacious layout on a large, 7,064 sqft lot. Its key appeal lies in a combination of above-average size, a modern-enough build, and a strong position within the broader Winnipeg market. With 1,835 sqft of living space and a finished basement, it provides ample room for a family. The data suggests its greatest strength is its value; it ranks in the top 3-4% of the entire city for assessed value and has a previous sale price that also places it in the top tier historically. This indicates a property that has consistently been perceived as a premium offering relative to the market.
The home would suit buyers looking for a established, single-level living option in a desirable neighbourhood, who prioritize lot size and interior space over a brand-new build. It’s particularly suited for those who value statistical market strength—its high rankings for assessed value and past sale price suggest a resilient investment in a well-regarded area. A less obvious perspective is that while its city-wide rankings are exceptional, its rankings within its own immediate street and community for size and age are more moderate. This points to a home that is a standout property for Winnipeg overall, but sits within a very strong local context where many homes share similar desirable traits.
Frequently Asked Questions
Q: How does the finished basement contribute to the living space?
A: The finished basement adds flexible square footage to the 1,835 sqft main floor, which can be used for recreation, guests, or additional storage, effectively increasing the usable area of the home.
Q: What do the high city-wide rankings for value actually mean?
A: Ranking in the top 3% for assessed value means this property’s official valuation is higher than 97% of all homes in Winnipeg. This typically reflects a combination of its location, lot size, building quality, and recent market trends for similar properties.
Q: The home is 24 years old. What should I consider regarding its age?
A: Built in 2002, major components like the roof, HVAC, and windows may be nearing or due for replacement based on their typical lifespans. A thorough inspection is recommended to assess their current condition and plan for future maintenance.
Q: The lot is large, but how does the home compare in size to its neighbours?
A: The home’s living area is above average for the broader community and city, but is moderately sized compared to immediate neighbours on its street. This means you get a very spacious lot with a comfortably sized home, not necessarily the largest house on the block.
Q: The last recorded sale was in 2017. What does that history indicate?
A: The 2017 sale price was also highly ranked (top 4% city-wide), showing a history of strong market performance. The multi-year ownership period suggests a stable history, but it also means the current market value will be determined by recent conditions, not the price from seven years ago.