Property Overview
This 1970-built, one-storey home in Varsity View sits on a generous 6,001 sqft lot. Its key features include 873 sqft of living space and a finished basement. The home does not have a garage or pool. The property’s assessed value is $351,000.
Key Characteristics & Appeal
This home presents a straightforward, ground-level living option in a well-established neighborhood. Its primary appeal lies in the substantial lot size, which is larger than most in Winnipeg and offers significant outdoor space and potential in a central location. The finished basement adds functional living area. The rankings indicate it is a competitively priced property within the broader Winnipeg market, particularly for its lot size and assessment value.
It would suit first-time buyers or downsizers seeking a manageable, single-level layout without the upkeep of a larger home. The large lot is a standout for those prioritizing outdoor space for gardening, play, or future expansion over having a large interior or a garage. It’s a practical choice for buyers who see value in land and location, and who are comfortable with a home that offers functional basics rather than modern upgrades.
Frequently Asked Questions
1. What is the significance of the property rankings?
The rankings compare this home to others on its street, in Varsity View, and across all of Winnipeg for metrics like lot size, age, and assessed value. They show this property’s lot is notably large (top 31% in Winnipeg), while the living space is more modest (top 84%).
2. Is the finished basement included in the 873 sqft living area?
Typically, the main living area (873 sqft) and finished basement are reported separately. The 873 sqft likely refers to the above-ground living space, with the basement providing additional finished rooms.
3. What are the implications of the home’s age (56 years)?
A home from 1970 will likely have original or older components, such as windows, roof, and major systems. Buyers should budget for updates and invest in a thorough inspection, but the established neighborhood and mature lot are direct benefits of its age.
4. How important is the lack of a garage?
For some, this is a significant consideration for vehicle security and storage, especially in winter. For others, the large lot may offer room to add a shed or future garage, turning an absence into a potential project.
5. Why is the assessed value different from the listing price?
The assessed value ($351,000) is for municipal tax purposes and is based on mass appraisal methods. The listing price is set by the seller and reflects current market conditions, the home’s specific features, and its perceived value compared to recent sales.