This is a classic, two-storey home built in 1976, offering 1,200 sqft of living space on a generous 3,559 sqft lot in the established Varsity View neighbourhood. Its key appeal lies in its balance of space, location, and value. The home features a finished basement, adding functional living area. While it lacks a garage or pool, its lot size and floorplan provide solid fundamentals.
The property’s standout characteristic is its strong relative ranking for living area and lot size within its immediate street and broader community, suggesting it offers more space than many nearby homes. Its appeal is grounded and practical: it suits first-time buyers looking for a move-in-ready home with room to grow, or investors seeking a property with proven rental demand near the University of Manitoba. It also fits downsizers from larger properties who want to stay in the area but prefer a more manageable footprint without sacrificing yard space. A thoughtful perspective is that a home from this era often comes with mature landscaping and settled neighbourhood character, which can be preferable to newer, denser subdivisions.
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What does the "finished basement" include? The listing confirms the basement is finished, which typically means it has insulated walls, proper flooring, and a ceiling, creating additional living, recreational, or utility space. Viewing the property is essential to assess its condition and layout.
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How does the 2016 sale price compare to today's value? The home sold for $249,000 in 2016. The current assessed value is $262,000. This indicates moderate assessed growth over eight years, but the final market price is determined by current conditions, the home's updated state, and buyer competition.
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What are the implications of not having a garage? Buyers should consider on-street parking permissions, the cost and feasibility of adding a garage or carport later, and their comfort with vehicle maintenance during Winnipeg winters without enclosed parking.
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The community ranking for value seems lower—what does that mean? While the home ranks well for size on its street, its assessed value is higher than many in the wider Varsity View area. This isn't inherently negative; it can reflect the home's larger lot and living area. It simply means there are many homes in the community with a lower assessed value, which may be smaller or differ in type.
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Is a 50-year-old home a concern? Homes from this period are common and can be very sound. The focus should be on the maintenance and updates of key systems, such as the roof, windows, plumbing, and electrical. A thorough home inspection is highly recommended to understand the property's condition.