Property Summary: 259 Alcrest Drive
Key Characteristics & Appeal
This is a well-established, single-family home in the sought-after Varsity View neighborhood. Built in 1981, its key strength lies in its generous 12,037 sqft lot, which places it in the top 9% of properties within the community for land size. The 1,748 sqft living space is above average for the area, complemented by a finished basement and an attached garage.
The appeal is rooted in its established setting and strong comparative metrics. The property ranks highly not just for size, but also for its recent sold price and assessed value, outperforming over 90% of homes in its immediate community and across Winnipeg in these categories. This suggests a home that has been maintained and valued above the norm. It suits buyers looking for a spacious, grounded property in a mature neighborhood—ideal for those who prioritize outdoor space and a sense of permanence over a brand-new build. It’s a home for someone who sees value in established communities and appreciates a property with a track record of standing out in its market.
Frequently Asked Questions
1. What does the high ranking in "sold price" actually mean?
It means that when this home sold in October 2023 for $628,000, that price was higher than 94% of recorded sale prices for other homes on its street, 90% in Varsity View, and 94% across all of Winnipeg. This indicates a strong market perception of its value relative to other properties.
2. The house was built in 1981. What should I consider?
While the build year is over four decades old, its rankings show it is newer than 66% of homes on its street and in its community. This is typical for mature, desirable neighborhoods. The focus would be on the condition and updates of major systems (roof, windows, HVAC) and the interior, rather than the age alone.
3. How usable is a 12,000+ sqft lot?
This is a very large urban lot, offering significant potential for gardening, recreation, and outdoor living. It also provides ample privacy and space for additions like a shed or deck. It’s a rare find in the city core that doesn’t require a move to the suburbs.
4. The home outperforms in value rankings but is not the newest. What's the takeaway?
This contrast highlights that the property’s value is driven more by its lot size, location, and living space than by being a recent construction. It appeals to buyers who weigh land and established community character more heavily than a modern build year.
5. What is the significance of the "finished basement"?
A finished basement adds functional living space, which could be used as a family room, home office, or additional bedrooms. It increases the home’s usable square footage beyond the main floor's 1,748 sqft, adding to its versatility and value.