This is a distinctive, century-old one-storey home in Varsity View, sitting on an exceptionally large, mature lot of over 36,000 square feet. Its primary appeal lies in this rare combination of a central location and vast, private land, offering a unique canvas within the city. The home itself is modest in size at 1,182 sqft and features a finished basement and a detached garage.
The property would best suit a specific type of buyer: those who value land and long-term potential over a move-in-ready modern home. It's ideal for a visionary looking to eventually build a new primary residence, a multi-generational compound, or simply someone who desires unparalleled outdoor space for gardens, recreation, or privacy. It also presents a solid opportunity for a developer, given the lot's size and zoning. The charm here isn't in the vintage fixtures but in the profound possibility the land represents.
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What does the lot size actually mean for me?
Beyond privacy, a lot of this scale (over 3/4 of an acre) offers rare flexibility within Winnipeg. It could accommodate additions, separate outbuildings (subject to bylaws), or simply provide a unique sense of openness and tranquility that is typically unavailable in central neighbourhoods.
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Given the age, what should I budget for immediately?
While the basement is finished, a 1920s home requires a proactive inspection focused on foundational integrity, outdated wiring or plumbing, and the roof's condition. Budgeting for essential systems updates, rather than just cosmetic fixes, is a prudent first step.
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Is the property suitable for subdivision or redevelopment?
This is a central question that defines its value. Any plans would be subject to the City of Winnipeg's zoning bylaws, development plans, and permitting process. A buyer should consult directly with the city's planning department to understand the specific possibilities and constraints before proceeding.
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How does the assessed value relate to the likely selling price?
The city's assessment is for taxation purposes and is often conservative, especially for unique properties. The market value is likely to be significantly higher, driven by the land's development potential and scarcity, not just the existing structure.
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What is it like to maintain a property of this size?
Consider the ongoing commitment: landscaping a large parcel, maintaining mature trees, and dealing with a detached garage. While offering great space, it requires more time, equipment, or cost for upkeep compared to a standard city lot.