Property Overview & Key Characteristics
This 1949 one-storey home in Varsity View sits on a large, 8,070 sqft lot, offering a rare combination of mature neighborhood charm and significant outdoor space. Its primary appeal lies in this generous, private yard—a standout feature in the city—coupled with a finished basement that adds functional living area. While the 735 sqft main floor is modest, the property's overall value is anchored by its land size and location.
The home would suit a specific buyer: someone looking for a long-term project who values land over a move-in-ready interior. It's ideal for a DIY enthusiast or an investor who sees potential in expanding or redeveloping the existing structure. The large lot also makes it a compelling option for future infill possibilities, appealing to those with a vision beyond the current footprint.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others in the immediate street, Varsity View, and all of Winnipeg. Key takeaways: its lot size is exceptionally large (top 11% in Winnipeg), while the house itself, in terms of living space and assessed value, is more modest and dated compared to most.
2. Is the large lot more of an opportunity or a burden?
This depends on the buyer's goals. It's a major asset for privacy, gardening, or future expansion. However, for some, maintaining an 8,000+ sqft lot represents more yard work and cost than a standard city lot.
3. Given the age, what should be the top inspection priority?
While all systems need checking, the core structure, foundation, and major mechanicals (like plumbing and electrical) from a 77-year-old home deserve the most scrutiny, as updates here are the most costly.
4. How does the finished basement affect the living space?
It adds valuable flexible space (e.g., for a family room, office, or extra bedroom) but does not officially increase the 735 sqft above-grade living area quoted in the assessment.
5. Is this a good "starter home"?
It could be for a handy buyer comfortable with gradual updates. For someone seeking modern finishes and low maintenance from day one, the age and size of the living area may pose challenges. Its strength is as a land play with a liveable house, not a turnkey starter.