Property Overview
This 1973-built, one-storey home in Varsity View offers a practical layout on a large, 5,381 sqft lot. Its key appeal lies in its generous, fully finished basement and above-average living space (1,394 sqft), which ranks well within the city. The home presents a solid, move-in-ready foundation with a split garage. Its value is underscored by a municipal assessment of $395,000. This property is well-suited for first-time buyers, small families, or downsizers seeking a manageable single-level floorplan with room to grow, all within a mature, established neighbourhood. A thoughtful perspective is its relative "blank canvas" potential; while updated, it offers a new owner the chance to personalize without immediate major overhauls. Its broad appeal across various city rankings suggests it's a competitively positioned, no-surprises home in a sought-after location.
Frequently Asked Questions
1. How does the finished basement add value?
It effectively doubles the usable living area, providing crucial space for a recreation room, home office, or guest suite, which is a significant advantage for the home's size and price point.
2. What are the implications of the lot size?
At over 5,000 sqft, the lot is a standout feature for the area, offering ample private outdoor space and future potential for additions, landscaping, or a garden, which is rare for inner-city neighbourhoods.
3. The home is over 50 years old. What should I consider?
While the systems and structure have proven longevity, a focused inspection on major age-related components like the roof, windows, and plumbing is advisable to understand any upcoming maintenance cycles.
4. How do the provided rankings help me?
They offer a data-driven snapshot of how this property compares to others. Notably, its living space ranks highly locally, suggesting good interior volume for the area, while its overall value ranking indicates it's priced competitively within the wider Winnipeg market.
5. Who is the ideal buyer for this property?
It's an excellent fit for those prioritizing space and location over a brand-new build. It appeals to practical buyers who see value in a larger, finished home on a big lot and are comfortable with a property that has a lived-in history and character.