Property Overview
This 1964-built, single-story home in Varsity View offers a practical and well-located living option. Its key appeal lies in a combination of a generous, mature lot, a fully finished basement adding valuable living space, and a location within a long-established, quiet neighbourhood. The home’s recent sale price suggests it was viewed as a solid opportunity in the market.
The property would suit first-time buyers seeking a manageable, ground-level layout, or downsizers looking for a low-maintenance bungalow style without a sprawling yard. Investors may also see value in a classic home in a stable, high-demand academic area near the University of Manitoba. A thoughtful perspective is that while the home ranks average to below average in size and age within its immediate area, it outperforms a significant portion of the wider Winnipeg market in its recent sale price, indicating its specific street and neighbourhood context carries substantial weight.
Key Details & FAQs
Key Characteristics:
- Layout: One-storey (bungalow) with a fully finished basement.
- Lot: A sizable 5,382 sqft lot, larger than most on its street and in the community.
- Space: 1,032 sqft of living space.
- History: Built in 1964. Recently sold in November 2024 for $400,000.
- Location: Situated in the established Varsity View neighbourhood.
FAQs:
1. What is the neighbourhood like?
Varsity View is a mature, quiet community known for its proximity to the University of Manitoba. It typically appeals to academics, students, and families seeking a stable, established setting.
2. How does the recent sale price compare to the assessed value?
The home sold for $400,000 in November 2024, which is notably higher than its $336,000 assessed value. This indicates strong buyer demand for properties in this location and configuration at that time.
3. Is the house outdated due to its age?
Built in 1964, the home is older than many in Winnipeg. However, the fully finished basement adds modern living space. Buyers should budget for updates consistent with a home of this vintage.
4. What are the rankings shown, and what do they mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg for metrics like lot size and age. For example, its lot size is in the top 25% on its street but its living area is smaller than about two-thirds of Winnipeg homes.
5. What are the obvious pros and cons?
The main advantages are the large lot, single-level living potential, finished basement, and location in a desirable neighbourhood. Considerations include the home's age, the absence of a garage, and living space that is below average for the city.