Property Overview & Key Characteristics
This 1950s-built, one-storey home in Varsity View offers a practical footprint on a generous 5,379 sqft lot. Its primary appeal lies in its established, quiet neighbourhood and the value proposition of a single-level living space with a finished basement. With 795 sqft of main-floor living area, it is a compact and manageable home.
The property suits first-time buyers seeking an entry point into a desirable area, downsizers looking for minimal stairs and a low-maintenance lifestyle, or investors interested in a character home with solid rental potential due to its location near the University of Manitoba. Its broad lot also presents a long-term opportunity for expansion or landscaping, a less obvious advantage in a mature neighbourhood. The home’s rankings indicate it is a more modest offering within its immediate streets and community, but it holds a solid middle-ground position city-wide for assessed value.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, tree-lined community known for its proximity to the University of Manitoba. It offers a quiet, residential feel with a mix of long-term residents and academic community members.
2. Is the basement included in the 795 sqft living area?
No. The 795 sqft refers to the above-ground, main-floor living area. The home also has a separate, finished basement, which adds additional usable space.
3. What does the "ranking" data mean?
The rankings compare this property against others on the same street, in the same community, and across all of Winnipeg for metrics like lot size, age, living area, and assessed value. For example, being in the "top 46%" for lot size in Winnipeg means 54% of city lots are smaller than this one.
4. Are there any major concerns with a home built in 1950?
As with any home of this era, a thorough inspection is essential. Potential buyers should pay specific attention to the condition of foundational elements, the roof, wiring, and plumbing, which may be original or have undergone updates over the decades.
5. What are the prospects for future value?
The value is anchored by the location and lot size. While the home itself is modest, the large lot in a stable neighbourhood provides a strong foundation. Value appreciation will be closely tied to the overall market and any future updates or expansions undertaken by the owner.