Property Overview
This 1949-built, one-storey home in Varsity View offers a classic, grounded living experience on a large, 8,069 sqft lot. Its key appeal lies in the combination of a generous, established property in a central neighbourhood with a functional, no-frills layout. The home features 896 sqft of living space, a finished basement, and a detached garage.
The property’s standout characteristic is its land. The lot size ranks in the top 11% city-wide, offering rare potential for expansion, gardening, or outdoor living that is hard to find in mature neighbourhoods. It suits a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values space and location over a modern turn-key home. This buyer is likely prepared for the maintenance or updates typical of a 77-year-old house but sees the underlying value in a lot that outperforms 89% of Winnipeg properties for size. The appeal is for those who envision creating their own space over time, rather than purchasing a finished product.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg. For example, being in the "top 11%" for lot size in Winnipeg means the property is larger than 89% of all city lots, which is a significant advantage.
2. Is the house in original condition?
Built in 1949, the home is likely to have undergone some updates, though the data specifies a finished basement. Buyers should budget for ongoing maintenance and potential updates common for a home of this age, especially considering its rankings for age and living area place it in the older and more modestly sized segments of the market.
3. Who would this property not be suitable for?
It may not suit buyers seeking a modern, low-maintenance home or those needing substantial interior space immediately. The value here is weighted toward the land and location, with the house itself offering a functional starting point.
4. How does the assessment value relate to the asking price?
The municipal assessment is $346,000, a benchmark for property taxes. The listing price may differ based on market conditions, the value of the large lot, and the home's updated features. It's a data point for comparison, not a direct price indicator.
5. What are the less obvious advantages of this property?
Beyond the obvious lot size, its rankings show it holds its value well in the broader Winnipeg context (top 51% by assessment). The central Varsity View location offers walkability and established community charm. The one-storey layout and finished basement also provide flexible living arrangements or rental potential.