Property Overview: 256 Bloomer Crescent
Key Characteristics & Appeal
This well-situated Varsity View home is a spacious, single-storey bungalow built in 2003, offering modern convenience on a large, 7,140 sqft lot. Its key appeal lies in a balanced combination of space, location, and relative newness. With 1,703 sqft of living space and an unfinished basement, it provides ample room for comfortable living and future customization.
The home’s standout feature is its strong competitive positioning within the broader Winnipeg market. It ranks in the top 16% of the city for lot size and the top 19% for both living area and building age, meaning it offers more space and is newer than a majority of Winnipeg homes. This is particularly notable in a mature, established neighbourhood like Varsity View. The property suits buyers looking for a move-in ready bungalow with a low-maintenance yard in a central location, ideal for empty-nesters, small families, or professionals. A thoughtful perspective is the unfinished basement: while it requires an investment to complete, it represents a significant opportunity to add value and tailor the space to the new owner's exact needs without the hassle of a full renovation.
Frequently Asked Questions
1. How does the property’s value compare to the neighbourhood?
The home’s current assessed value places it in the top 22% of properties in Varsity View, suggesting it is considered above average for the area. Its last sale price in 2020 was slightly below the current assessment, which is common, but it ranked in the top 28% of community sales at that time.
2. Is the lot size typical for the area?
Yes, and it’s a significant advantage. The lot is larger than 65% of properties on its own street and 84% of properties across Winnipeg, offering more outdoor space than most comparable city homes.
3. What does the "unfinished basement" entail?
The basement is a blank canvas with full foundation and utilities in place, but the interior walls, flooring, and ceilings are not completed. This allows a new owner to finish it as a rec room, additional bedrooms, or a suite according to their own taste and budget.
4. How old is the home, and what might that mean for maintenance?
Built in 2003, the home is newer than 81% of Winnipeg houses. While major structural components should be in good condition, this age means that original appliances, the roof, and HVAC systems may be approaching or entering their typical replacement windows, so a thorough inspection is advised.
5. How competitive is this property based on the data?
The rankings indicate a strong profile. It consistently performs well in city-wide comparisons for size and age. However, its ranking for assessed value on its specific street is lower, which could suggest it is priced at a premium for Bloomer Crescent but remains competitive when viewed in the broader community and city context.