23 Collett Cove

Property Overview & Key Characteristics

This 2003-built home in Varsity View sits on a large, nearly 8,000 sqft lot, offering a rare combination of space and modern convenience in the city. Its primary appeal lies in its strong overall rankings, particularly for lot size and assessed value, which place it in the top tier of homes across Winnipeg. The property features a finished basement, a good-sized living area, and a cabover-style attached garage. It’s a home that balances a quiet, established neighbourhood feel with the practical benefits of a relatively recent build, meaning major systems are likely still in good condition.

This property would suit buyers looking for a move-in ready home on a generous lot without the maintenance concerns of an older property. It’s ideal for those who value space and privacy, and who appreciate a home with solid fundamentals that ranks highly for investment value and land size within the broader market. It’s a strong choice for families or professionals seeking a long-term home with room to grow, in a community that outperforms most of the city in key metrics.

Frequently Asked Questions

1. What does "cabover" garage mean?
A cabover (or "above-grade") garage is built partially under the main living area of the house. This design often allows for more efficient use of the lot and can contribute to a distinctive street-facing elevation.

2. The home ranks in the top 38% for size in its neighborhood but top 15% for living area. What does this indicate?
This suggests the house itself is quite spacious compared to many in Varsity View, but the lot size, while large, is not the absolute largest. The appeal is a well-proportioned home on a substantial lot, rather than an estate-sized property.

3. How significant is the 95th percentile ranking for assessed value in Winnipeg?
This is a very strong indicator. It means the city's assessment places this home's total value higher than 95% of all properties in Winnipeg. This often reflects a combination of the desirable location, lot size, building quality, and recent market trends in the area.

4. The build year (2003) ranks very high. What are the pros and cons of a home this age?
A 23-year-old home typically benefits from modern construction standards, wiring, and insulation, while major components like the roof or furnace may be nearing or have recently undergone replacement. It offers a balance between being established and avoiding the potential for outdated systems found in much older homes.

5. What is the practical benefit of the high lot size ranking?
Beyond simple privacy, a lot that outperforms 89% of the city provides exceptional outdoor space for gardening, recreation, or future additions like a deck or shed. It also often implies a greater degree of separation from neighbours and more potential for natural light.