Property Summary: 303 Haney Street, Varsity View, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This is a well-maintained, single-storey home built in 1954, situated on a very large, mature lot of over 9,400 square feet in the established Varsity View neighbourhood. Its key appeal lies in this exceptional land size, which offers rare potential for expansion, gardening, or outdoor living within the city. The home itself is modest in size at 926 sqft and features a finished basement and an attached garage. Recent data shows it sold in May 2023 for $290,000, with a current assessed value of $319,000.
The property’s primary strength is its land and location. It ranks in the top 7% of all Winnipeg properties for lot size, offering a level of privacy and space that is increasingly hard to find. This makes it a compelling opportunity for buyers who see value in the land itself—whether for future renovation, building a secondary suite (subject to zoning), or simply enjoying a large yard. It would suit a practical buyer, such as a small household, an investor looking for a property with strong redevelopment potential, or someone seeking an entry point into a desirable neighbourhood where the value is firmly anchored in the land. The house provides a functional living space, but the true, long-term value is in the lot.
Frequently Asked Questions
1. Is the house in good condition for its age?
While the listing confirms a finished basement, a professional home inspection is essential for a 72-year-old home to assess the condition of major systems like plumbing, electrical, and the foundation.
2. What makes the lot so valuable?
At 9,443 sqft, it is significantly larger than a standard city lot. This provides ample space for additions, a large garden, recreational areas, and future development possibilities that smaller lots cannot accommodate.
3. What is the Varsity View neighbourhood like?
It’s a mature, established community near the University of Manitoba, known for its quiet, tree-lined streets and a mix of older and updated homes. Its appeal is often in its stability and convenient location.
4. Why is there a difference between the 2023 sale price and the current assessment?
Property assessments are for taxation purposes and reflect a municipal valuation, which can differ from market value. The sale price is what a buyer actually paid at that time, influenced by then-current market conditions.
5. What are the main considerations for a buyer here?
A buyer should balance the fantastic lot potential with the reality of maintaining or updating an older home. Budgeting for potential renovations or repairs is crucial, as is understanding zoning bylaws if considering any future structural changes to the property.