Property Overview
This 1948 one-and-a-half storey home in Varsity View offers a classic, grounded living experience on a generous 5,380 sqft lot. Its key appeal lies in the combination of a prime, established neighbourhood location and a home with solid fundamentals. The property features a fully finished basement, a connected garage, and over 1,000 sqft of living space, presenting a practical and manageable footprint. Its strength is underscored by its relative rankings, particularly within its own community where it places in the top 90% for lot size and the top 73% for living area, suggesting a well-situated property compared to its immediate peers.
The home would suit a first-time buyer or a downsizer looking for a character home in a desirable central neighbourhood without the scale or maintenance of a larger property. It also appeals to the value-conscious buyer who sees potential in a structurally sound, older home on a large lot, whether for future updates or simply for the stability and space it provides. A less obvious perspective is that for some, a home from this era represents a known quantity—simple, durable materials and a time-tested layout that can be more straightforward to maintain and renovate than some newer constructions.
Frequently Asked Questions
1. What does the "one-and-a-half storey" design typically mean?
This style usually features a main floor with principal living spaces and a second floor under sloped rooflines, creating cozy bedrooms with character. It's a classic Winnipeg design known for efficient use of space and a charming exterior profile.
2. The home is 78 years old. What should I consider?
While the rankings show it's newer than most in its community, a pre-1950s home will have older core systems (plumbing, electrical, foundation). A thorough inspection is essential to understand the condition and plan for any necessary updates, which can be an opportunity to customize.
3. The lot is large, but the house isn't. What are the implications?
This is a key feature. It offers significant outdoor space for gardens, recreation, or expansion (subject to zoning), while the house itself remains manageable to heat and maintain. It provides a balance of urban space with a less burdensome interior.
4. How meaningful are the provided ranking percentages?
They are best used as a relative gauge within a specific area. For instance, ranking in the top 90% for lot size in Varsity View is a strong indicator of above-average outdoor space for that specific, sought-after neighbourhood, which is more telling than the city-wide ranking.
5. The community ranking for value seems high. What does that indicate?
Ranking in the top 77% of the community for assessed value suggests the city's assessment aligns with the home being more valuable than many nearby properties. This can reflect the desirable lot size, location, and condition, but it's always wise to compare with recent sales of similar homes.