Property Overview
This 1947-built, one-storey home in Varsity View offers a compact and efficient layout on a generous 5,380 sqft lot. Its key appeal lies in the combination of a large, established lot in a central neighbourhood and a fully finished basement, which expands the usable living space beyond the 624 sqft main floor. The property suits first-time buyers or investors looking for a lower-maintenance, single-level home with renovation potential, or those who prioritize lot size and location over a large interior footprint. Its competitive ranking within the community for lot size and overall value suggests a well-positioned asset in a desirable area. A thoughtful perspective is that this home represents an entry point into a mature neighbourhood where the land itself holds significant value, offering future possibilities for expansion or landscaping that a newer, denser subdivision might not.
Frequently Asked Questions
1. How does the finished basement impact the living space?
While the main floor is 624 sqft, the finished basement adds significant functional space, effectively doubling the home's usable area for living, storage, or recreation, which is a key advantage.
2. What does the "ranking" data mean for a buyer?
The rankings compare this property to others on its street, in Varsity View, and across Winnipeg. For example, its lot size ranks in the top 10% of the neighbourhood, a major strength, while its living area is more compact compared to most.
3. Is the 2021 sale price relevant today?
The 2021 sale of $266,000 provides a historical benchmark. The current assessed value of $306,000 offers a more recent municipal valuation, but the market price will be determined by current conditions and buyer demand.
4. Who would this property suit best?
It's ideal for buyers seeking a manageable, single-level home in a central location, where the value is anchored by the large lot and community. It may also appeal to investors or those with plans to gradually update a character home.
5. What are the considerations with a 1947 build?
While offering charm and established landscaping, a home of this age will likely have older mechanical systems (like plumbing and electrical) and may require updates or diligent maintenance, which should be factored into planning and inspections.