Property Overview
This 1998-built, one-storey home in Varsity View offers a practical and comfortable living arrangement on a generous 6,280 sqft lot. Its key appeal lies in a balanced combination of space, location, and move-in readiness. The 1,275 sqft interior includes a finished basement, providing flexible living or storage space, and is complemented by an attached garage. The home presents a solid, low-maintenance footprint ideal for downsizers or first-time buyers seeking a established neighbourhood without the concerns of an older property. Its competitive city-wide rankings—particularly outperforming 74% of Winnipeg homes on lot size and 79% on assessed value—suggest it offers strong tangible value for the price point within the market.
The property is well-suited for buyers prioritizing ease of living, such as small families, professionals, or retirees. Its appeal is grounded in functionality: the single-level layout ensures accessibility, the large lot allows for private outdoor space or gardening, and its position in a mature, academic-adjacent community like Varsity View offers stability and convenience. A thoughtful perspective is that while the interior square footage is modest relative to the lot size, this balance provides a rare opportunity in the city to own substantial land without the upkeep of a much larger house—a potential long-term advantage.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, established community near the University of Manitoba. It offers a quiet, residential feel with the convenience of nearby academic institutions, retail outlets, and green spaces.
2. Is the basement included in the total living area?
No, the listed living area of 1,275 sqft refers to the above-ground main floor. The finished basement provides additional flexible space.
3. How does the assessed value relate to the likely selling price?
The municipal assessed value of $480,000 is for tax purposes and is one data point. The final selling price is determined by the current market, condition, and buyer demand.
4. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg for metrics like lot size and age. For example, outperforming 79% of the city on assessed value suggests it is a comparatively high-value home for its price tier.
5. What are the potential benefits of a home from 1998?
Homes from this era often benefit from modern construction standards and wiring, while being past the initial "shrink-swell" settling phase of brand-new builds. Major components like the roof or furnace may be nearing or have recently undergone scheduled replacement.