Property Overview
This 1976-built, single-story home in Varsity View offers a practical footprint on a generous 5,029 sqft lot. Its key appeal lies in its established, quiet neighbourhood and the value derived from its fully finished basement, which expands the usable living space beyond the 947 sqft main floor. The home lacks a garage and pool, positioning it as a straightforward, low-maintenance property.
It would suit first-time buyers seeking an entry point into a mature community, or downsizers looking for a manageable single-level layout without stairs. The large lot presents a clear opportunity for future expansion, gardening, or outdoor living, which is a less obvious but significant asset. Buyers should be prepared for the upkeep typical of a 50-year-old home, but can take confidence from its stable assessment value and recent sale history.
Frequently Asked Questions
1. How does the finished basement affect the living space?
The finished basement adds significant functional space to the home's 947 sqft main floor, providing extra rooms for recreation, office, or guests, which is a major advantage for the property's overall utility.
2. What do the ranking percentages next to the features mean?
These rankings compare this specific property against others on its street, in Varsity View, and across all of Winnipeg. For example, its lot size ranks in the top 4% within the community, which is a standout feature, while its living area is more modest in comparison.
3. Is the lack of a garage a significant drawback?
It depends on the buyer's needs. For some, it simplifies the property and reduces maintenance. The large lot does offer potential for adding a garage or sheltered parking in the future, which is a point to consider.
4. The home is 50 years old. What should I be mindful of?
While the basement is finished, a thorough inspection of foundational elements, roof, windows, and major mechanical systems (like plumbing and electrical) common to homes of this era is highly recommended to understand any upcoming maintenance.
5. How does the 2021 sale price compare to the current assessed value?
The home sold for $350,000 in late 2021, which is above its current municipal assessment of $338,000. This suggests the market recently valued it higher, but assessments can lag behind market trends and are used for tax purposes, not setting sale price.