Property Overview
This 1963 one-storey home in Varsity View offers a classic, low-maintenance living format on a notably large, 8,073 sqft lot. Its key appeal lies in the balance between a modest, updated 1,016 sqft living space with a finished basement and the significant potential of its expansive, private yard—a rarity in the area. The property ranks highly for its lot size, placing in the top tiers locally, which suggests strong long-term value. It suits first-time buyers seeking a manageable home with room to grow, downsizers looking for single-level living without sacrificing outdoor space, or value-oriented investors attracted by the lot's redevelopment potential in a sought-after neighbourhood.
Frequently Asked Questions
1. What is the true value of the large lot?
Beyond extra privacy and garden space, a lot of this size in Varsity View is a strategic asset. It provides flexibility for future additions, like a garage or extension, and underlines the property's value in a neighbourhood where land is often subdivided.
2. How does the 1963 build year affect the home?
While the age means systems like plumbing or electrical may need evaluation, homes from this era in this area are often solidly built. The finished basement suggests some updates have been made, but a thorough inspection is advised to understand the condition of original components.
3. Who would this home not suit?
It may not fit buyers seeking modern, open-concept layouts or extensive move-in-ready finishes, as the living area is functional but not large. Those requiring abundant built-in storage or multiple dedicated bedrooms might also find it limiting.
4. What are the implications of having no garage?
This means lower utility costs and less maintenance, but requires creative solutions for vehicle parking and storage. The lot size, however, offers the clear option to add a garage or shed in the future, subject to permits.
5. How do the ranking metrics work?
The "rankings" compare this property against others on its street, in Varsity View, and across Winnipeg for specific traits. For example, ranking in the "top 11%" for lot size city-wide highlights its standout feature, while more average rankings for living area or assessed value provide context for its pricing.