Property Summary: 227 Wexford Street, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home in the established Varsity View neighbourhood. Its primary appeal lies in its generous 6,429 sqft lot—a significant size that ranks within the top 23% of all properties in Winnipeg for land area. The home itself, built in 1964, offers 1,060 sqft of living space with a finished basement and a detached garage. While the interior space is modest and typical for its era, the property’s standout value is derived from its location and land. It ranks highly for its assessed value within its immediate street and broader community, suggesting it is viewed as a solid asset in a desirable area. This home would best suit a buyer looking for a manageable footprint on a large lot, offering potential for expansion, gardening, or outdoor living. It’s a practical choice for those who value established neighbourhoods over new construction and see the underlying land as a key long-term investment.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, centrally-located neighbourhood near the University of Manitoba. It offers a quiet, residential feel with the convenience of nearby amenities and academic institutions.
2. Is the basement included in the listed living area?
No. The 1,060 sqft refers to the above-ground living area. The home also features a separate, finished basement, which adds additional functional space.
3. How does the property’s assessment compare?
The assessment of $437,000 ranks higher than most comparable homes on its street, in the community, and across Winnipeg. This typically indicates the city assesses its market value or desirability favourably relative to others.
4. What does the "ranking" data mean?
The rankings compare this property against others on Wexford Street, in Varsity View, and across all of Winnipeg for metrics like lot size, age, and assessed value. For example, ranking in the "top 23%" for lot size in Winnipeg means 77% of properties have smaller lots.
5. What are the considerations for a home built in the 1960s?
While offering solid construction and a classic layout, prospective buyers should budget for potential updates to major aging components like the roof, windows, or mechanical systems, and consider if the interior layout meets modern needs.