Property Overview
This well-situated home at 264 Wexford Street in Varsity View presents a practical opportunity in a mature Winnipeg neighborhood. Its key appeal lies in its balance and positioning rather than standing out in any single extreme. The 1,262 sqft living space is consistently "around average" when compared to similar homes on its street, in the neighborhood, and across the city, suggesting a comfortable, typical size for the area. Built in 1972, it is a relatively newer home on a street where many houses are older, which can imply updates to major systems. A notable characteristic is the lot size of 5,552 sqft, which is below average for both Wexford Street and Varsity View. This isn't necessarily a drawback; it translates to less yard maintenance while still providing decent outdoor space, a potential plus for those seeking a more manageable property.
The assessed value of $358k sits below the local averages for the street and neighborhood, yet above the citywide average. This positioning is interesting: it suggests the home may offer relative value within the immediate, established area, potentially suiting a first-time buyer or downsizer looking for an entry point into Varsity View without the premium of a larger lot. It would suit a buyer who prioritizes location and a standard, functional layout over expansive square footage or vast grounds. The profile is of a home that blends in—a solid, no-surprises choice for someone seeking a straightforward move into a central neighborhood.
Frequently Asked Questions
1. Is the below-average lot size a significant concern?
While the lot is smaller than many on the street, it is near the citywide average. This typically means less time and cost spent on yard upkeep, which can be a welcome feature for many modern buyers.
2. How does the assessed value relate to the likely listing or sale price?
The assessed value ($358k) is a municipal figure for tax purposes and is notably below the local area averages. Market conditions, the home's interior condition, and recent upgrades will ultimately determine the sale price, which often differs from the assessed value.
3. The home was built in 1972. What should I be aware of?
This is a newer build compared to many on the street (average year built 1964). While this is positive, homes from this era may still have original components like windows, roofing, or plumbing that are nearing the end of their lifespan, so a thorough inspection is recommended.
4. What does "around average" for living space really mean for daily life?
With 1,262 sqft, you can expect a standard layout suitable for a small family, a couple, or an individual. It likely includes five main rooms, emphasizing functional use of space over spaciousness.
5. Why is the assessed value rank higher than the living area or lot size rank?
Value is influenced by more than just size. The home's newer age (for the street), its location in Varsity View, the condition of the home, and the desirability of the specific street all contribute to its value holding up well compared to its physical dimensions.