Property Overview
This 1952 one-storey home in Varsity View sits on a large, 8,073 sqft lot, offering significant outdoor space in a central neighbourhood. Its key appeal lies in this substantial land size, which ranks in the top 11% citywide, presenting a prime opportunity for future expansion, gardening, or simply enjoying a generous yard. The home itself is modest at 687 sqft with a finished basement, suiting buyers looking for a manageable footprint or a starter home with exceptional lot value. It would particularly suit a practical buyer, an investor, or a renovator who values location and land potential over immediate move-in condition, as the home's age and smaller living area are offset by the rare lot size and its high ranking within the community.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The property's lot size surpasses 89% of all homes in Winnipeg, placing it in the top 11%. This isn't just about a big backyard; it indicates rare potential for additions, subdivision (subject to zoning), or simply owning a disproportionately large piece of land for the area.
2. Is the finished basement included in the 687 sqft living area?
No, the 687 sqft refers to the above-ground living space. The finished basement provides additional usable area, making the total functional space larger than the official square footage suggests.
3. The home ranks low for size and age in the community. Is this a concern?
It reflects the home's character as a classic, smaller post-war bungalow on a large lot. For buyers seeking modern, spacious interiors, it may require renovation. For those prioritizing land value and location, the rankings highlight the trade-off: you're acquiring a premium lot with a humble, older structure.
4. How does the assessment value relate to the asking price?
The municipal assessment of $357,000 is a benchmark for property taxes and provides a relative value (here, ranking near the middle for the area). The listing price will be set by the market, but the assessment confirms the property holds solid baseline value within its context.
5. What is the significance of a "split" garage?
A split garage, often a double garage divided into two single bays, is common for homes of this era. It provides covered parking for two vehicles but with separate doors, a functional design that may limit the storage of wider items like a boat or large workshop project.