Property Overview & Appeal
This 1973-built, one-storey home in Varsity View sits on a notably large, 10,484 sqft lot, which is its most defining characteristic. The property ranks in the top 5% of Winnipeg for lot size, offering exceptional outdoor space and potential. With a finished basement, a split garage, and nearly 1,200 sqft of living space, it provides practical, single-level living. Its appeal lies in this rare combination of a massive, private yard within a mature, established neighbourhood close to the University of Manitoba. The home suits buyers looking for a long-term family home with room to grow, garden, or expand, as well as those seeking a manageable single-storey layout with the value anchored in the land itself. It’s a property where the future potential of the lot is as significant as the existing house.
Frequently Asked Questions
1. What does the high ranking for lot size actually mean?
It means the property's land area is larger than 95% of all residential properties in Winnipeg, indicating exceptional rarity and offering privacy, space for additions, or recreational use that is hard to find in the city.
2. The house was built in 1973. What should I consider?
While the structure is over 50 years old, the key systems (roof, wiring, plumbing, HVAC) have likely been updated or will require careful inspection. The value proposition here balances the mature home with the premium, enduring asset of the oversized lot.
3. Who would this property not be suitable for?
It may not suit those seeking a modern, turn-key home without any renovation projects, or buyers who prefer a low-maintenance yard. The scale of the lot requires commitment to upkeep or creative landscaping.
4. How does the assessed value compare to the likely listing price?
The assessment of $473,000 is a benchmark for municipal taxes. In a competitive market, the sale price is often influenced more by the rarity of the lot and current demand, which can differ significantly from the assessed value.
5. What are the advantages of the Varsity View location?
Beyond proximity to the University, the neighbourhood offers mature tree-lined streets, a settled community feel, and strong access to major routes. The lot rankings suggest it's among the largest properties in an already desirable area, amplifying its uniqueness.