Property Overview & Key Characteristics
This is a spacious, well-established property in Winnipeg's Varsity View neighbourhood. Its primary appeal lies in its generous 8,844 sqft lot and the rare combination of a finished basement, an in-ground pool, and a single-storey layout—all within a highly regarded community. The home, built in 1974, offers 1,339 sqft of living space and ranks highly for its lot size and assessed value compared to most properties in the city.
The property would particularly suit buyers looking for a long-term family home with ample outdoor space for recreation and entertaining. Its one-storey design also makes it a strong candidate for those seeking accessibility or who prefer to avoid stairs. The high percentile rankings for lot size and assessment value suggest it's a substantial property within its context, likely appealing to someone valuing land and investment potential over a newer build.
Frequently Asked Questions
1. What is the significance of the property's high ranking for assessed value?
A high assessment ranking (top 21% in Winnipeg) often indicates the city views the property as having above-average value for its area, which can be a positive sign for its inherent worth, though it also correlates with higher property taxes.
2. The home is over 50 years old. What should I consider?
While the systems and structure should be thoroughly inspected, homes from this era in established neighbourhoods are often known for solid construction and mature landscaping. The finished basement suggests some updates have been made.
3. How does the pool impact the property's value and upkeep?
A private pool is a premium feature for summer enjoyment and adds to the lifestyle appeal, but it requires seasonal maintenance, additional insurance considerations, and represents an ongoing cost that not all buyers may want.
4. The lot is large, but what is the neighbourhood like?
Varsity View is a mature, central neighbourhood near the University of Manitoba. A large lot here offers a sense of privacy and space that is increasingly uncommon, situated within a community known for stability and convenience.
5. Why is the "year built" ranking lower than others?
The home ranks around the middle of the pack for its age because Varsity View is an established area with many older and newer homes. This ranking reflects its character as a mature property rather than a new build, which is typical for the neighbourhood's charm.