Property Overview: 220 McLean Street, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a classic, well-situated one-and-a-half storey home built in 1947, offering a blend of established charm and practical space. Its primary appeal lies in its generous 8,077 sqft lot, which places it in the top 4% of properties on its street for land size, providing exceptional outdoor potential in the sought-after Varsity View neighborhood. The home features 1,200 sqft of living space, a finished basement, and a detached garage.
The property suits buyers looking for a solid investment in a mature, central community. It’s ideal for those who value a large, private yard over a brand-new build and are comfortable with the character and potential updating a 79-year-old home may require. A thoughtful perspective is its strong relative standing in Winnipeg for lot size (top 11%), which is a permanent asset that can’t be replicated in newer subdivisions, offering long-term value whether for gardening, expansion, or simply enjoying ample green space.
Frequently Asked Questions
1. What does the "one-and-a-half storey" design typically mean for this home?
This style usually features a main floor with principal rooms and a second floor with sloped ceilings, often housing bedrooms. It’s a charming, classic Winnipeg design that maximizes space within a traditional footprint.
2. The home ranks lower for its build year. Should I be concerned?
The age ranking reflects that many homes in the area are newer. A 1947 home requires a focus on the condition of major systems (roof, wiring, plumbing, foundation) rather than age alone. A thorough inspection is essential to understand any needed maintenance or updates.
3. How significant is the lot size ranking?
Very. Ranking in the top 4% on the street and top 11% city-wide for land size is a standout feature. It means more privacy, space for recreation or gardening, and future flexibility than most comparable properties, which is a key value driver.
4. The assessment value is near the middle of the rankings. What does that indicate?
It suggests the official assessed value is typical for the home's size and type in Winnipeg. It’s a baseline for property taxes. The market sale price is often influenced more by the desirable lot, location, condition, and current market dynamics than the assessment alone.
5. Who would this property not suit as well?
It may not suit buyers seeking a modern, open-concept layout without renovation work, or those wanting a low-maintenance property. The detached garage and the age of the home likely involve more hands-on upkeep than a new townhouse or condo.