Property Overview
This 1952 one-storey home in Varsity View offers a classic, low-maintenance layout on a generous 5,380 sqft lot. Its key appeal lies in a practical combination: a fully finished basement adds valuable living space to the 1,057 sqft main floor, creating a functional footprint ideal for downsizers, first-time buyers, or investors. The home’s established neighborhood setting and large, private yard are significant assets. While not recently built, its assessment value ranks competitively within Winnipeg, suggesting solid underlying value for the area. This property would best suit buyers seeking a manageable, single-level home with room to garden or entertain outdoors, and who appreciate the character and mature streetscape of a long-established community.
Key Questions (FAQs)
1. What does the "ranking" data mean?
The percentages show how this home compares to others in its immediate street, neighborhood, and all of Winnipeg. For example, its lot size ranks in the top 15% on its street, meaning it's larger than most nearby properties, while its building age is more typical for the area.
2. Is the finished basement included in the 1,057 sqft living area?
No. The 1,057 sqft refers to the above-ground living space of the one-storey main floor. The fully finished basement provides additional, separate living space.
3. What are the implications of a 1952 build year?
While the home has been maintained, buyers should budget for potential updates to older components like plumbing, electrical, or windows. A thorough inspection is advised. The upside is often well-built construction and a larger lot size than newer homes.
4. Who might this property not suit?
It may not fit buyers looking for a modern, open-concept layout or extensive recent renovations. The split garage also indicates a driveway approach rather than an attached, integrated garage.
5. How should I interpret the assessment value?
The $401,000 assessment is used for property tax calculation and can be a market indicator, but it is not the same as a market price or appraisal. Current sale prices are influenced by broader market conditions.