Property Overview
This 1989-built bungalow in Varsity View offers a practical and spacious family home on a large, nearly 8,000 sqft lot. Its key appeal lies in a combination of above-average size and established value. With 1,688 sqft of living space and a finished basement, it provides ample room, ranking in the top 20% locally for size. The property’s overall assessed value ranks even higher, placing it in the top 12% in Winnipeg, suggesting a well-regarded asset in the market.
The home suits buyers looking for a move-in ready, single-level living option in a mature neighbourhood, particularly those who prioritize generous outdoor space over a brand-new build. Its strong rankings across metrics—especially for lot size and value within its street—indicate a property that stands out in its immediate area, likely appealing to those seeking a long-term home with room to grow or garden.
A less obvious perspective is the balance it strikes: it’s newer than many homes in the area (ranking in the top quarter city-wide for age), yet it’s been part of the community long enough to be firmly established. This positions it as a modern-enough home within a well-rooted neighbourhood setting.
Frequently Asked Questions
1. How does the finished basement add to the living space?
The finished basement significantly increases the usable area of the home, providing extra rooms for recreation, a home office, or guest space, complementing the 1,688 sqft main floor.
2. What does the high ranking for "Assessment Value" actually mean?
It means the municipal assessment of this property is higher than 88% of all homes in Winnipeg. This often reflects a combination of the home's condition, lot size, and location, and is a key factor in its market valuation.
3. Is the large lot size typical for the area?
At 7,961 sqft, the lot is a standout feature. It surpasses 95% of other properties on its own street, offering more private outdoor space than most of its immediate neighbours.
4. What are the implications of a 1989 build year?
Built in 1989, the home is newer than about three-quarters of Winnipeg's housing stock. This typically means modern construction standards and potentially fewer major immediate renovations than much older homes, while still being part of an established streetscape.
5. Who would this property not suit?
It may not suit buyers seeking a brand-new, ultra-modern build, a home with a pool, or those who prefer a more compact, low-maintenance yard. The single-storey layout also means all primary living is on one floor.