Property Summary: 225 Alcrest Drive
Key Characteristics & Appeal
This 2004-built home at 225 Alcrest Drive in Varsity View presents a compelling mix of modern convenience and established neighborhood character. With 1,519 sqft of living space, it sits comfortably above the Winnipeg citywide average, offering ample room in a home that avoids feeling dated. Its primary appeal lies in its balanced positioning: it’s a newer construction on a street and in a neighborhood where many homes are decades older, suggesting fewer immediate major repairs and more contemporary layouts.
The assessed value of $573k is notably above averages for the street, neighborhood, and city, indicating a premium valuation that likely reflects the home’s condition, updates, or specific features. The lot size of 7,885 sqft is smaller than others on Alcrest Drive but is still above the city average, offering a manageable yard with less maintenance.
This property would suit buyers looking for a move-in ready home in a mature area without inheriting the significant renovation projects common with mid-century houses. It’s ideal for professionals or small families who value a modern living space within a well-regarded community, and who are comfortable with an assessment that reflects a premium for that condition.
Frequently Asked Questions
1. Why is the assessed value so much higher than the street and neighborhood averages?
The assessment reflects the property’s specific attributes, most notably its 2004 build date in an area of mostly older homes. This suggests superior construction materials, modern systems (like plumbing and electrical), and likely contemporary finishes that command a premium compared to the area’s average.
2. Is the smaller lot size a disadvantage?
It depends on your priorities. While it’s below the street average, it remains larger than the typical Winnipeg lot. This translates to less yard maintenance than many neighbors, which can be a benefit, while still providing decent outdoor space.
3. What does the "Top 29%" citywide ranking for living area mean?
It means this home’s interior square footage is greater than 71% of comparable properties across Winnipeg. You’re getting more house space than most in the city, which is a strong point for livability and potential resale.
4. The home is newer, but how does it fit in an older neighborhood?
This is a key point. You get the benefits of a newer, low-maintenance structure while enjoying the mature trees, established gardens, and settled community vibe of Varsity View. It offers the best of both worlds for many buyers.
5. Are property taxes likely to be high given the assessment?
Property taxes are based on the mill rate and your assessed value. With an assessment significantly above local averages, you should budget for a correspondingly higher tax bill compared to older, less updated homes on the same street.