Property Overview
This 1970-built, one-storey home in Varsity View offers a classic and spacious living proposition. Its key appeal lies in the combination of a large, nearly 10,000 sqft lot with a fully finished basement, providing significant room to grow and customize. With 1,373 sqft of living space, it ranks above average in size for its area. The property’s strong competitive position is highlighted by its rankings: it surpasses 94% of Winnipeg homes in lot size and 76% in assessed value, indicating a premium offering within the market. The home suits buyers looking for a solid, single-level layout in a mature neighbourhood, with the rare advantage of an expansive yard for gardening, recreation, or future expansion. It’s ideal for those who value space over newness and see potential in a well-located property from a sought-after era of construction.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, being in the top 6% for lot size in Winnipeg means very few homes offer a yard this large. Its value also ranks in the top 24% city-wide, suggesting it’s a substantial asset in its price range.
2. Is a 56-year-old home a concern?
While systems will require due diligence, homes from this era are often valued for their solid construction and spacious room proportions. The rankings show it’s newer than 48% of Winnipeg homes, placing it in the middle of the pack for age.
3. Who would this property not suit?
It may not suit those seeking a modern, open-concept layout or who prefer a low-maintenance, smaller yard. The one-storey design is excellent for accessibility but may feel compartmentalized compared to newer designs.
4. The lot is large, but how is the neighbourhood for families?
Varsity View is a central, established neighbourhood. The large lot offers private outdoor space, a rarity in the city, but families should research local school catchments and traffic patterns on Princeton Boulevard to ensure it fits their needs.
5. Why is the assessed value useful to know?
The municipal assessment of $457,000 provides a benchmark, indicating the city’s view of its worth relative to the market. It being in a high percentile suggests the property has inherent value drivers, like its lot size and finished basement, that are recognized beyond just current sales trends.