Property Overview & Appeal
This 1974-built, single-story home in Varsity View offers a practical layout with 1,104 sqft of living space and a finished basement on a spacious 5,047 sqft lot. Its key appeal lies in its established, quiet neighbourhood and the solid foundation of a well-sized property. The home presents a straightforward opportunity: it's a manageable size for downsizers or first-time buyers, and the large lot provides tangible value for future expansion, gardening, or simply enjoying outdoor space. While its rankings for size and condition within its immediate area are modest, it sits comfortably above the median for Winnipeg overall in assessed value, suggesting it represents a stable, mid-market option. This property would suit a buyer looking for a low-maintenance footprint without sacrificing yard space, or an investor seeking a home with renovation potential in a consistently desirable academic-area community.
Frequently Asked Questions
1. What is the true condition of a 52-year-old home?
While systems and structure should be evaluated by a professional inspection, homes from this era often feature solid construction. The key points to investigate would be the roof, windows, plumbing, and electrical updates.
2. How does the lack of a garage impact daily life and value?
This is a significant consideration for vehicle storage in Winnipeg's climate. Buyers should budget for alternative solutions like a shed or future carport construction, weighing this cost against the home's price point.
3. The lot is large, but what can I actually do with it?
Beyond gardening, the lot size is a long-term asset. It could accommodate a future addition, a detached garage, or a spacious outdoor living area. It's a feature that provides flexibility many newer properties do not.
4. The home ranks lower in its own neighbourhood for size and age. Is that a concern?
This reflects that Varsity View contains many larger, newer homes. It indicates this is a more affordable entry point into the community, but resale value will be influenced by how it compares to those neighbouring properties.
5. What are the practical benefits of a finished basement here?
It immediately adds usable living space, which is valuable in a 1,104 sqft main-floor home. It's ideal for a family room, home office, or guest area, but ensure the finishing is checked for moisture control and proper permits.