Property Overview & Key Characteristics
This 1958-built, one-storey home in Varsity View sits on a generous 8,073 sqft lot, offering a rare sense of space in a mature neighbourhood. Its key appeal lies in this substantial, private yard—a blank canvas for gardening, play, or expansion—combined with the practicality of a finished basement and a split garage. With 968 sqft of living space, it's a compact and manageable footprint.
The property’s strongest suit is its land value and established location. While the home itself is older and modest in size, it outperforms 89% of all Winnipeg properties in lot size ranking, indicating a premium parcel. This makes it ideal for first-time buyers or downsizers seeking a low-maintenance home with incredible outdoor potential, or for a long-term investor valuing land appreciation in a central area like Varsity View. It’s a property where the true value is more in what you could do with it over time, rather than in immediate luxury finishes.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing notes a finished basement but does not specify the extent. Buyers should inquire about the finish quality, ceiling height, necessary permits, and whether it includes a separate entrance or additional bathroom.
2. How does the age of the home (68 years) affect maintenance?
While the structure has proven durable, key systems like plumbing, electrical, the roof, and the foundation should be thoroughly inspected. The age also presents an opportunity to renovate and customize to modern standards over time.
3. The lot is large, but are there any restrictions on its use?
Given the size, buyers might consider future possibilities like an addition, garden suite, or pool. It's crucial to check local zoning bylaws, heritage designations (if any), and easements that might affect development plans.
4. The home ranks lower in "newness" and living area size. Is this a concern?
These rankings confirm this is not a large or recently renovated home. It suits buyers prioritizing land over square footage. The value proposition is the lot and location, with the understanding the house may require updates.
5. What is the neighbourhood vibe of Varsity View?
As a mature area near the University of Manitoba, it typically offers a quiet, established community feel with a mix of families and academics. Proximity to the university and related amenities is a key benefit.