Property Overview & Key Characteristics
This 1988-built, one-storey home in Varsity View offers a practical layout with 1,641 sqft of living space on a large, 6,229 sqft lot. Its key features include a fully finished basement and an attached garage. The appeal lies in its established neighbourhood setting and the generous lot size, which provides ample outdoor space and potential. The home's rankings indicate it is a solid, above-average property city-wide, particularly in terms of lot size and assessed value, though it is more typical within its immediate street.
It would best suit buyers looking for a grounded, no-fuss family home in a mature area, who value space over a brand-new build. It's a practical choice for those who appreciate a large yard and the possibility to personalize a home over time. A less obvious perspective is that its consistent "above-average but not top-tier" rankings across metrics suggest a reliable, low-drama investment in a stable community, avoiding the premium of a top-ranked street while still offering substantial equity.
Frequently Asked Questions
1. How does the finished basement add to the living space?
It provides additional flexible square footage that can be used for recreation, guests, or storage, effectively increasing the usable area of the home beyond the main floor's 1,641 sqft.
2. What is the significance of the lot size rankings?
The property's lot is larger than 91% of others on its street and 73% city-wide, which is its most competitive feature. This means more private outdoor space and potential for gardening, play, or expansion compared to many homes.
3. The build year is 1988. What should I consider?
As a home from the late 1980s, major components like the roof, windows, and mechanical systems (furnace, water heater) may be nearing or have reached their typical lifespans. A thorough inspection is advised to budget for any upcoming updates.
4. What do the "assessment value" rankings tell me?
With an assessed value higher than 86% of Winnipeg homes, the city views this property as a substantial asset. This generally correlates with market value and property taxes, suggesting it's a valued home in the broader market context.
5. Who is the typical buyer for this home?
It's well-suited for first-time buyers or growing families seeking space and stability in an established academic-adjacent community. It also appeals to downsizers looking for a manageable single-level layout without compromising on yard size.