Property Overview: 297 McLean Street, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home built in 1961 on a large, approximately 5,920 sqft lot in the established Varsity View neighborhood. Its key features include a fully finished basement and a modest 1,004 sqft of living space. The home presents a practical, grounded opportunity. Its primary appeal lies in its location within a sought-after central community and the significant potential offered by its expansive lot—a rarity in the area. The property's value is further underscored by its municipal assessment, which ranks favorably against a majority of homes across Winnipeg.
This home would suit a buyer looking for a foothold in a prime neighborhood, willing to live in the existing layout or envision a future renovation or expansion. It's also a sensible match for those seeking lower-maintenance, single-level living without a premium price tag. A less obvious perspective is that while the home itself is average in size and age for the area, its strong lot size ranking suggests an underlying land value that could be a strategic asset for the long-term investor or future builder.
Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings show how this property compares to others on its street, in Varsity View, and across all of Winnipeg for metrics like lot size, age, and assessed value. For example, its lot size ranks in the top 35% city-wide, indicating a larger-than-average property.
2. Is the basement included in the 1,004 sqft living area?
No, the 1,004 sqft figure typically refers to above-ground, finished living space. The basement is listed separately as "finished," meaning it provides additional usable space not reflected in the main square footage.
3. What does the 1961 build year mean for a buyer?
Homes from this era often have straightforward layouts and solid construction. Buyers should budget for updates to major aging components like the roof, windows, or mechanical systems, and consider an inspection to assess their current condition.
4. There's no garage. Is there other parking?
The listing does not specify off-street parking. Given the large lot, there may be a driveway or space to create one, but this should be verified through a viewing or direct inquiry.
5. How does the assessed value relate to the likely selling price?
The municipal assessment of $361,000 is for tax purposes and is not a market appraisal. The selling price will be determined by current market conditions, the home's specific state, and buyer demand, though the assessment can be a useful benchmark.