This 1999-built two-storey home in Varsity View presents a compelling opportunity for buyers seeking a well-established, spacious property in a desirable Winnipeg neighbourhood. Its key appeal lies in its combination of above-average size, modern-enough construction, and a prime location. With nearly 2,000 sqft of living space on a large 8,069 sqft lot, it offers ample room for families. The home ranks highly across multiple metrics, particularly standing in the top 10% of Winnipeg for both lot and living area size, indicating it is a substantially larger property than most in the city. Its 1999 build date is also notably newer than the majority of area homes. The finished basement and attached garage add practical, day-to-day value.
This property would best suit a growing or established family looking for a long-term home with generous indoor and outdoor space in a mature, academic-adjacent community. It’s also ideal for buyers who value statistical outperformance—a home that ranks well above its peers in size, value, and modernity—without being a brand-new construction.
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What does the high ranking in "Assessment Value" actually mean?
Ranking in the top 7% in Winnipeg for assessed value suggests the property is officially valued higher than 93% of homes in the city. This typically reflects its larger size, desirable location, and condition, but buyers should ensure their offer aligns with current market conditions, not just the municipal assessment.
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Are there any concerns with a 1999-built home?
While newer than most Winnipeg homes, a 25-year-old property will have components nearing the end of their service life. A thorough inspection should focus on the original roof, major appliances, the HVAC system, and windows to anticipate near-future maintenance or upgrades.
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What are the benefits and responsibilities of such a large lot?
The over 8,000 sqft lot provides exceptional private outdoor space for gardening, play, or expansion. However, it also means higher costs and effort for landscaping, lawn care, and snow clearing compared to properties with smaller yards.
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How does the "finished basement" add to the living space?
The finished basement effectively increases the usable square footage beyond the listed 1,964 sqft. It's important to clarify the quality, ceiling height, and legal compliance of this finish, as it could serve as a family room, home office, or recreational space.
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Why might this home in Varsity View be a good long-term investment?
Beyond the home's physical attributes, its location in a stable, established neighbourhood near academic institutions often contributes to enduring demand. The combination of a large lot and spacious interior in such an area is a scarce commodity, which can support value retention.