This is a well-established, fully bungalow on a large, mature lot in the sought-after Varsity View neighborhood. Its key characteristics include a finished basement, an in-ground swimming pool, and an attached garage. With 1,505 sqft of living space, it ranks notably larger than most homes in its immediate area and across Winnipeg.
The primary appeal lies in its combination of space, location, and unique amenities. The generous lot size offers privacy and room for outdoor enjoyment, highlighted by the private pool—a rare feature that provides a resort-like retreat. The home’s rankings indicate strong fundamentals: it stands in the top 20-30% of Winnipeg homes for both living area and assessed value, suggesting a solid, above-average property for its market.
This home would best suit buyers looking for a move-in-ready, single-story living layout in a prime academic-family neighborhood. It’s ideal for those who value outdoor living and entertainment space, and for whom a pool is a desirable luxury rather than a maintenance concern. It also represents a compelling option for buyers seeking a property with strong statistical value relative to its peers, as evidenced by its high percentile rankings for size and assessment.
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What is the significance of the property's various rankings?
The rankings show how this home compares to others. Crucially, it scores in the top tiers for living space and assessed value city-wide, indicating a physically larger and more valuable asset than most. However, its age ranking is average to below average, meaning buyers should focus on the condition of major 62-year-old systems.
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The home was assessed at $430,000 but last sold for $380,000 in 2020. What does this mean?
The 2020 sale price is a historical data point. The current assessment is the city's valuation for tax purposes and is often used as a market indicator. The $50,000 increase suggests significant appreciation, but the true market value will be determined by current conditions and buyer competition.
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Is the pool a major factor?
Yes, but it's a double-edged feature. It's a premier amenity for summer enjoyment and entertainment, adding a unique lifestyle appeal. Conversely, it requires dedicated maintenance, insurance considerations, and may not appeal to all buyers, which can be a factor for future resale.
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What does the "finished basement" entail?
The listing confirms the basement is finished but does not specify the extent, quality, or ceiling height. This is a key area for clarification during a viewing to understand the true usable square footage and the potential for any moisture issues common in older Winnipeg homes.
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Who is the typical buyer in Varsity View?
The neighborhood, adjacent to the University of Manitoba, attracts academics, professionals, and families drawn to its stability, mature landscape, and strong community feel. This property, with its pool and large lot, would particularly attract those planning to stay medium-to-long term to fully enjoy these amenities.