Property Overview: 301 McLean Street, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1957 on a generously sized lot of over 5,300 square feet in the established Varsity View neighborhood. Its primary appeal lies in the combination of a large, potentially versatile yard with a location in a mature, central community. The home itself is modest at 698 sqft, presenting a straightforward layout typical of its era.
The property suits two main types of buyers. First, it's a practical entry point into homeownership for first-time buyers or downsizers seeking a low-maintenance, single-level living space with the bonus of significant outdoor space for gardening or pets. Second, it represents a clear value-renovation or redevelopment opportunity for investors or builders, given the substantial lot size relative to the home's current footprint and assessed value. Its rankings suggest that while the house itself is quite small compared to most in the area, the lot and location provide underlying value that is competitive within the broader Winnipeg market.
Frequently Asked Questions
1. What is the actual condition of the home?
The listing provides size, age, and rankings, but not a condition report. A 69-year-old home of this size will likely require a thorough inspection to assess the state of major systems like plumbing, electrical, and the foundation, which is a key consideration given its age.
2. Is the split garage included, and what is its condition?
The listing notes a "split garage," but details are not provided. It's important to clarify if this is a detached structure, its size, and its current state to understand its utility and any potential maintenance needs.
3. How does the "value" ranking work?
The assessment value ranking shows the home is in the lower percentile on its street but more competitive in the wider community and city. This typically indicates the value is in the lot and location rather than the current structure, which aligns with the home's small size relative to the large lot.
4. What are the zoning possibilities for the large lot?
Given the significant lot size, prospective buyers interested in future expansion or redevelopment should investigate the specific zoning regulations with the city to understand what options (e.g., additions, garage suite, full rebuild) are permissible.
5. What is the neighborhood vibe and convenience like?
Varsity View is a mature, central neighborhood. Buyers should explore the area to gauge proximity to amenities like transit, shopping, and the University of Manitoba, and to get a feel for the mix of long-term residents and student renters typical of areas near universities.