Property Overview
This well-situated Varsity View bungalow offers a practical and comfortable living space on a generous lot. Built in 2000, its key appeal lies in its modern-for-its-age construction, eliminating many of the maintenance concerns associated with much older homes in the area. The home features a fully finished basement and an attached garage, providing ample functional space. Its standout characteristic is its strong relative value, with an assessed value ranking higher than approximately 94% of all Winnipeg homes, suggesting it is a substantial property within the market. The lot size of over 6,000 sqft is a significant asset in this established neighbourhood, offering excellent outdoor potential.
This property would suit buyers looking for a move-in-ready, single-level living option in a prime academic and family-oriented community. It’s ideal for downsizers, small families, or professionals who value the quiet, tree-lined streets of Varsity View while being close to the University of Manitoba, major routes, and amenities. The combination of a newer build, a large yard, and a top-tier assessment ranking makes it a compelling option for a buyer seeking a long-term home with a solid foundation of value.
Frequently Asked Questions
1. What does the assessment ranking actually mean?
The assessment value of $615,000 ranks higher than 94% of Winnipeg homes, indicating the city assesses this property as being among the top tier in terms of value. This often correlates with desirable location, lot size, and property condition, but it is not a direct market price.
2. Is the house suitable for aging in place?
As a bungalow with single-level living and a finished basement, the layout is inherently more accessible than a multi-story home. The 2000 build year also suggests wiring and plumbing are relatively modern, which can be advantageous for future modifications if needed.
3. How does the lot size compare to others?
At 6,031 sqft, the lot is larger than 75% of others on its street. This is a notable feature in an older neighbourhood like Varsity View, where lots can vary, and provides more private outdoor space than many nearby properties.
4. The home ranks lower on "newness" within its street. Is that a concern?
While it is newer than 45% of homes on its street, it is newer than 86% in the wider community. This indicates the street itself has a mix of vintage, but the home is still one of the more recent builds in the highly sought-after Varsity View area overall.
5. What is the potential here for future value?
The underlying value is anchored by the large lot in a perpetually desirable location near the university. A buyer is acquiring a property that is already well-regarded in official assessments, with the potential to add value through updates or expansions, subject to local zoning.