Property Overview & Key Characteristics
This 2010-built, single-storey home in Varsity View is defined by its exceptionally large, private lot of over 16,700 sqft—a rare find in the city. With 1,540 sqft of living space, an unfinished basement, and an attached garage, it offers solid modern fundamentals. The property's primary appeal lies not just in its size, but in its outstanding relative rankings: it sits in the top tier of homes across Winnipeg for lot size, newness, and assessed value. This presents a unique opportunity for a buyer to secure a substantial piece of land with a relatively new, blank-canvas home in a well-regarded neighbourhood. It would perfectly suit a growing family seeking space for play and future expansion, a buyer looking for long-term value in land ownership, or someone wanting to customize both the home and landscape to their exact taste over time.
Frequently Asked Questions
1. What does an "unfinished basement" mean for potential?
It provides significant, flexible storage or future living space that can be finished to your specifications, adding both personal value and potential resale value down the line.
2. The lot is huge. What should I consider with that?
Beyond the obvious benefits of privacy and space, consider the ongoing maintenance (lawn care, landscaping) as both a responsibility and an opportunity to create your own private oasis.
3. The home ranks very high for "newness." Why is that important?
A 2010 build means major components like the roof, windows, HVAC, and plumbing are likely still within their typical lifespan, potentially reducing immediate major repair costs compared to an older home.
4. Who is the ideal buyer for this specific property?
This property is ideal for a value-driven buyer who prioritizes land size and a modern structure over move-in-ready finishes. It's for someone who sees the unfinished spaces as an asset to be shaped, not a drawback.
5. How should I interpret the strong assessment value ranking?
While not a direct market price, consistently ranking in the top 17-28% of the community and city for assessed value suggests the property is viewed as a substantial asset, which can be a positive indicator for long-term equity stability.