Property Overview
This 1975-built, one-storey home in Varsity View offers a practical and spacious family living environment on a large, 8,076 sqft lot. Its key appeal lies in the combination of a generous, private yard and a fully finished basement, providing flexible space beyond the 1,152 sqft main floor. The property ranks highly for its lot size and overall value within Winnipeg, placing it ahead of most comparable homes in the city. It suits buyers looking for a solid, single-level home with room to grow outdoors, ideal for families, downsizers seeking single-floor living with extra storage or hobby space, or investors attracted by its established neighborhood and above-average city-wide rankings for land value.
Frequently Asked Questions
1. How does the age of the home (built in 1975) affect its condition and potential costs?
While the home is well-established, its age means prospective buyers should budget for updates to major systems like roofing, windows, or the furnace, which may be nearing the end of their typical lifespans. A thorough inspection is advised to prioritize any necessary maintenance.
2. What are the advantages of such a large lot (over 8,000 sqft)?
The lot size is a significant asset, offering ample private outdoor space for gardening, recreation, or future additions like a deck or shed. It also provides a greater sense of privacy and contributes substantially to the property's overall value and appeal.
3. Who would benefit most from the fully finished basement?
The finished basement adds valuable flexible space. It’s ideal for a growing family needing extra living or play areas, a home-based worker seeking a separate office, or anyone wanting a dedicated media or hobby room without expanding the home's footprint.
4. The home ranks highly for lot size but mid-range for living area. What does this mean?
This indicates you are investing significantly in land and location. The living space is functional, but the property's standout feature is its outdoor space and land value. It's perfect for those who prioritize yard size over a large interior, or who see potential for future expansion.
5. What do the neighborhood and street rankings actually tell me?
The rankings show the home is very competitive within Winnipeg overall, especially for lot size. In its immediate neighborhood, it's above average but not the top tier, suggesting it's a solid, valued property in a well-regarded area without the premium price of the absolute top-ranked homes on the street.