This 1991-built bungalow in Varsity View offers a practical layout with 1,705 sqft of living space on a notably large, 7,619 sqft lot. Its key characteristics include an unfinished basement and an attached garage. The appeal lies in its above-average proportions and established location. The home ranks highly within its immediate street and across Winnipeg for lot size, living area, and assessed value, suggesting a property that outperforms many peers in terms of space and municipal valuation. It would suit buyers looking for a solid, spacious bungalow with the potential to customize the basement to their needs, and who value a large yard in a mature neighbourhood.
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What does the ranking data actually mean?
The rankings show this home is in the top tier for lot size and living space compared to its direct neighbours, indicating a premium position on its street. Its rankings within the broader community are solid but more moderate, which is typical for a well-sized home in an established area.
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Is an unfinished basement a drawback or an opportunity?
This depends on the buyer. It requires an initial investment to finish, but it allows for complete customization of the additional space (e.g., a rec room, home gym, or suite) without needing to undo previous work, which can be a cost advantage.
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The home is 35 years old. What should I anticipate?
While well-maintained, a home of this age will likely have systems (like the roof, windows, or furnace) that are at or beyond their typical lifespan. A thorough inspection is essential to budget for any upcoming updates or replacements.
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How does the large lot size benefit me?
Beyond extra private outdoor space, the large lot provides flexibility for gardening, play areas, or future additions like a shed or deck. It also often contributes significantly to the property's assessed value and long-term appreciation potential.
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Who is the typical buyer for this property?
It's well-suited for downsizers seeking single-level living with ample room for guests or hobbies, or for growing families who prioritize indoor and outdoor space over a brand-new build. The unfinished basement also appeals to buyers who want to add equity through a tailored renovation.