Property Overview
This one-and-a-half storey home in Varsity View is defined by its exceptionally large, nearly 24,000 sqft lot, placing it in the top 1% of properties in Winnipeg for land size. Built in 1946, the 1,088 sqft house features a finished basement and a detached garage. Its appeal lies not in the size of the dwelling but in the rare scale and potential of its grounds within the city. The property suits buyers looking for a character home with unparalleled outdoor space for gardens, recreation, or future expansion, who are comfortable with the maintenance and updates typical of an 80-year-old house. It’s a unique opportunity for someone valuing land and privacy over modern square footage, offering a canvas for creative landscaping or building.
Key Details & Questions
What are the key features of this property?
The defining feature is the massive 23,972 sqft lot, a rarity in Winnipeg. The home itself is a 1,088 sqft one-and-a-half storey character house with a finished basement and detached garage, built in 1946.
What is the property’s condition and value proposition?
The home ranks newer than only about 21% of Winnipeg houses, indicating it is a true post-war character property. The value is overwhelmingly in the land. Buyers are investing in space and potential, not a modern or large living area.
Who would this property be ideal for?
It’s ideal for buyers who prioritize vast outdoor space for gardening, family play, or pets over a large or newly built home. It could also suit long-term planners interested in the potential of the lot itself.
How does it compare to others in the area?
The lot size surpasses 99% of Winnipeg properties. However, the living area is more modest, larger than only about 41% of homes city-wide. It’s a standout for land but a fairly average-sized home for the neighbourhood.
What should a potential buyer consider?
The primary considerations are the age of the structure, which will likely require ongoing maintenance or updates, and the cost/effort of maintaining a very large property. The opportunity is the land; the project is the house.