Property Overview & Key Characteristics
This is a distinctive, one-storey home in Varsity View, built in 1959. Its primary appeal lies in a rare combination of generous space and premium lot size. With over 2,300 sqft of finished living space and an exceptionally large, approximately 18,400 sqft lot, it offers room to breathe and expand that is uncommon within the city. The property features a finished basement, an in-ground pool, and an attached garage.
Its appeal is multifaceted: for those seeking a spacious family home with ample yard for recreation or gardening, it's a strong candidate. The rankings indicate it outperforms the vast majority of homes in Winnipeg for lot size, living area, and assessed value, suggesting a premium property in its class. It would particularly suit buyers who prioritize indoor-outdoor living, value the established character of Varsity View, and are looking for a home with the space to customize or entertain on a grand scale. A thoughtful perspective is that while the home is from 1959, its impressive space metrics and top-tier rankings position it more as a "legacy property" with solid foundations, ideal for someone willing to update finishes to their taste while capitalizing on its irreplaceable land.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, being in the top 2% in Winnipeg for lot size means it's larger than 98% of other properties. This data highlights its standout features: exceptional land, living space, and assessed value.
2. Is the age of the home (1959) a concern?
While the build year places it in the middle of the pack for age, the home's condition, systems (roof, wiring, plumbing), and any past renovations will be key. Its high rankings for size and value suggest it has been maintained as a premium property. A thorough inspection is always recommended.
3. Who is responsible for maintaining the pool?
The current owner maintains the pool. As a prospective buyer, you would want to inquire about its age, equipment, recent servicing, and typical seasonal operating costs to budget accordingly.
4. What are the possibilities for expansion or renovation?
The massive lot is a significant asset for potential expansion, such as adding an addition, a detached structure, or enhancing outdoor living spaces, subject to local zoning bylaws. The one-storey layout also offers potential for reconfiguring the floor plan.
5. Why is the assessed value useful for a buyer?
The municipal assessment ($702,000) provides a benchmark of the city's valuation for tax purposes. It can be a useful data point in market analysis, but the final sale price is determined by current market conditions, buyer demand, and the property's specific appeal.