Property Overview & Key Characteristics
This 1975-built, two-storey home in Varsity View offers a practical footprint on a standard city lot. Its key appeal lies in being a straightforward, established property in a mature neighbourhood. With 1,200 sqft of living space and a finished basement, it provides functional room for a small family, a couple, or a first-time buyer. The home's rankings suggest it is notably spacious for its immediate street and offers a larger-than-average living area for the neighbourhood, which is a significant plus in an area of older, sometimes smaller, homes.
Its suitability is for value-conscious buyers seeking a no-frills, move-in-ready home without the premium of a new build or major renovation project. The absence of a garage is a trade-off for the location and lot size. A thoughtful perspective is that this property represents the "bones" of a neighbourhood—a solid, post-war home that has been maintained and lived in. It suits someone who appreciates the character and stability of an established community like Varsity View over newer subdivisions, and who may see potential in the good lot size for future landscaping or expansion, subject to local bylaws.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, established residential neighbourhood in Winnipeg. It typically offers a mix of older, well-kept homes, tree-lined streets, and a central location with convenient access to amenities, universities, and major routes.
2. Is the basement a legal suite?
The listing states the basement is finished, but it does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income potential.
3. Why is the assessed value relatively high for the community ranking?
The assessment ($242,000) ranks higher than 89% of homes in Varsity View, meaning it is assessed at a higher value than most in the area. This can be due to a combination of the home's condition, improvements, and its above-average living space for the neighbourhood.
4. What does the "finished basement" include?
The details are not specified. A professional inspection is recommended to determine the finish quality, ceiling height, moisture control, and whether it includes a bathroom or separate entrance.
5. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess on-street parking availability and consider the need for alternative storage solutions. The good-sized lot (3,553 sqft) may allow for a future garage, subject to municipal approval.