Property Summary: 295 Haney Street, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a classic, well-situated single-storey home on a very large, mature lot in the established Varsity View neighbourhood. Its primary appeal lies in the exceptional 9,443 sqft property, which offers rare potential for expansion, gardening, or outdoor living within the city. The home itself is a modest 884 sqft bungalow from 1950, featuring a finished basement and a detached garage. While the house ranks lower in relative size and age within its immediate area, the property's land value and location are its standout features. It sits in a highly desirable community, outperforming 80% of homes in Varsity View and an impressive 93% of all Winnipeg properties for lot size.
This home would best suit a buyer with a vision for the future. It's ideal for someone looking for a solid location who is prepared to live in a character home while planning a renovation or addition, or for those who simply prioritize a massive, private yard over a large interior footprint. It also represents a strategic entry point into a top-ranked neighbourhood.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, its lot size is in the top 7% in Winnipeg, meaning it's larger than 93% of properties. Conversely, its living area is smaller than 83% of Winnipeg homes, highlighting the trade-off between land and interior space.
2. Is the house in need of major updates?
Given its 1950 construction, buyers should anticipate elements typical of its era. The value here is anchored in the land and location, so a pre-purchase inspection is highly recommended to budget for any necessary modernizations or maintenance.
3. How does the assessed value relate to the asking price?
The municipal assessment is $332,000. This is a useful benchmark for taxes, but the market price is determined by current demand, the unique lot size, and the home's condition. In a sought-after neighbourhood like Varsity View, the sale price often reflects the premium for the location and potential.
4. What are the benefits of a detached garage?
A detached garage offers flexibility. It can be used for vehicle storage, a workshop, or extra storage without impacting the main house's layout. For a future expansion of the home, its separate placement may also provide more architectural options.
5. Why is the lot size such a key feature here?
A nearly 10,000 sqft lot in a central, mature neighbourhood like Varsity View is increasingly rare. It offers unparalleled privacy, space for recreational additions like a large deck or garden, and significant potential for enlarging the existing home—an option not available on standard-sized lots.