This 1951-built one-and-a-half storey home in Varsity View offers a classic Winnipeg living proposition. Its key appeal lies in a substantial 8,246 sqft lot, which is notably larger than most in the city, placing it in the top 10% for land size in Winnipeg. The house itself provides 1,358 sqft of living space. As an original, unrenovated character home with an unfinished basement, it presents a clear opportunity. Its value is for a buyer who sees potential in the existing structure and, more importantly, values the rare canvas of a large, mature lot in a central, established neighbourhood. This property suits a hands-on buyer looking for a long-term home to customize to their taste, or an investor who recognizes the underlying value of the land itself. The rankings suggest it's a property of contrasts: while the house is older and the assessment value is mid-range for the area, the lot size and living space are significant competitive advantages in the broader market.
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What does the "one-and-a-half storey" design typically mean for this era of home?
Buyers should anticipate a main floor with principal rooms and a second floor under sloped roof lines, which often creates cozy bedrooms with unique character. Understanding the specific layout and ceiling heights on the upper level will be important.
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The lot is a major feature. What are the possibilities and responsibilities that come with it?
The large lot allows for gardening, expansion, or adding a garage. However, maintaining a plot of this size requires time or expense, and any future development would need to comply with local zoning bylaws.
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How should I interpret the provided market rankings?
They highlight the property's strengths and context. For instance, ranking in the top 10% for lot size city-wide is a standout asset, while the lower rankings for building age confirm it's an older home needing updates. They are useful for comparison, not absolute judgment.
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Given the unfinished basement, what should I check regarding its condition and potential?
Inquire about the basement's foundation, ceiling height, moisture control, and the rough-in locations for utilities. An unfinished space offers flexibility but understanding its current state is crucial for planning development costs.
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The home is unrenovated. What is a balanced way to view this?
This means you are purchasing the original condition, which includes both authentic period details and aging mechanical systems (like plumbing, wiring, and heating). Budgeting for both preservation of character and necessary modernization will be essential.