Property Overview
This 1959-built one-storey home in Varsity View offers a classic, low-maintenance layout on a generous 8,071 sqft lot. Its key appeal lies in the combination of a large, private yard—a rarity in mature neighbourhoods—with a fully finished basement, effectively doubling the usable living space beyond the 1,080 sqft main floor. The property ranks highly for its lot size within Winnipeg, placing in the top 11%. It suits first-time buyers seeking a solid starter home with room to grow outdoors, or downsizers looking for a manageable single-level layout without sacrificing yard space. Its value is practical and grounded, offering more land than many newer properties, which is a significant long-term asset. A less obvious perspective is that while the house itself is of average size and age for the area, the lot represents the true premium, providing future potential for expansion, gardening, or simply ample private space in a well-established community.
Frequently Asked Questions
1. How does the age of the home (built in 1959) affect its condition and potential costs?
While the home is well-maintained, its age means prospective buyers should budget for updates to major aging components, such as the roof, windows, or plumbing. A thorough inspection is essential to prioritize any necessary repairs.
2. What are the benefits and considerations of a split/detached garage?
The detached garage provides flexibility and can reduce noise in the home. However, it requires navigating the outdoors in winter. The setup also frees up space on the lot for other uses, like landscaping or a patio.
3. The lot is large, but how is the property ranked compared to neighbours?
The lot size is a standout feature, ranking in the top 11% across Winnipeg and surpassing 66% of homes in Varsity View. This means you're getting significantly more land than is typical, which is a key value driver.
4. Is the finished basement included in the listed 1,080 sqft living area?
No. The 1,080 sqft refers to the above-ground living area. The fully finished basement provides additional, valuable space that is not reflected in that official square footage figure.
5. The assessment value is lower than the asking price. What does this indicate?
Municipal assessments for tax purposes often lag behind current market values and are not an appraisal. The assessment is one data point, but the sale price is determined by current market conditions, the home's specific features, and the high-value lot.