Property Overview & Key Characteristics
This is a well-maintained, single-storey home built in 1975, situated on a generous 3,610 sqft lot in the established Varsity View neighbourhood. Its key appeal lies in its solid foundation and practical layout, offering 950 sqft of living space with a finished basement, presenting a classic and manageable footprint. The home’s value proposition is grounded in its location within a mature community and its proven history, having held its value well since its last sale.
The property would particularly suit first-time homebuyers seeking an entry point into a desirable area without a massive renovation project, or downsizers looking for a single-level living arrangement on a low-maintenance lot. Its rankings suggest it’s a competitively sized home for its street but sits on a larger-than-average parcel for the community—a subtle advantage for outdoor space. A thoughtful perspective is that while the interior size is modest, the finished basement and lot size offer immediate functional space and future potential, whether for gardening, storage, or expansion, which is not always available in this price segment.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks higher than most in its immediate community and on its street, indicating it is viewed favorably relative to its direct neighbours, though it is assessed below the Winnipeg average overall.
2. Is the house small compared to others nearby?
At 950 sqft, the living area is slightly below average for the street and more notably so for the wider community. This typically translates to a more efficient and manageable layout, which can be a benefit for those seeking lower utility costs and less upkeep.
3. What does the lot size mean for me?
The 3,610 sqft lot is a significant feature, ranking highly in the community. This provides above-average outdoor private space for the area, a valuable asset for families, pets, or anyone who enjoys gardening and entertaining outdoors.
4. The house was built in 1975. What should I consider?
While the home is 50+ years old, its rankings show it is newer than many in the surrounding area. This suggests the neighbourhood is well-established. A standard pre-purchase inspection is especially recommended to understand the condition of major aging components like the roof, windows, and foundation.
5. How stable has the property’s value been?
The home last sold in 2016 for $230,000, and its current assessment is $234,000. This indicates a stable value history in line with market trends over that period, showing consistent, modest appreciation rather than volatile swings.