Property Overview
This 1972-built, one-storey home in Varsity View offers a practical and established living environment. Its key appeal lies in its generous, near 6,000 sqft lot—a significant size that provides ample outdoor space and ranks in the top third of properties on its street. The home itself features a functional 1,097 sqft layout with a finished basement and a split garage. Its overall assessed value positions it as a more accessible option within the broader Winnipeg market.
The property would suit first-time buyers or downsizers looking for a manageable single-level home with room to garden or enjoy a private yard. It also appeals to value-conscious buyers who prioritize land size over a newer build or top-tier finishes, seeing potential in the solid foundation and space the property provides. A thoughtful perspective is that while its interior size and assessed value rank in the middle to lower ranges within its immediate community, the above-average lot size offers a balance of affordability and long-term utility that is becoming rarer in mature neighbourhoods.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a well-established, mature neighbourhood near the University of Manitoba. It offers a quiet, residential feel with the convenience of nearby academic institutions, retail plazas, and quick access to major routes.
2. Is the basement a legal suite?
The listing notes the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its current configuration and compliance with local regulations if considering rental income potential.
3. How does the "ranking" system work?
The rankings compare this property against others on the same street, in the same community, and across all of Winnipeg for metrics like lot size, age, and assessed value. For example, ranking in the "top 35%" city-wide for lot size means 65% of Winnipeg properties have a smaller lot.
4. What are the implications of a 1972 build date?
Homes from this era may have original components, like windows, roofing, or mechanical systems, that are nearing or past their typical lifespan. A thorough inspection is recommended to budget for potential updates, balanced against the character and established landscaping of an older home.
5. Why is the assessed value relatively low compared to the lot size?
The assessed value reflects the municipal valuation for tax purposes, which considers the home's age, interior size, and condition. The disconnect between the lot ranking (high) and value ranking (lower) highlights that the land itself is a major asset here, possibly offering more value than the current structure.