Property Overview
This 1942-built one-and-a-half storey home in Varsity View offers a classic Winnipeg living experience on a generous 5,738 sqft lot. Its key appeal lies in its established neighborhood setting and a well-proportioned, functional layout with 1,245 sqft of living space and a finished basement. The home's value is underscored by a steady appreciation history, with its last sale in 2021 close to its current assessed value of $367,000.
The property suits practical buyers looking for a solid, no-frills home in a mature area. It’s ideal for those who prioritize lot size and location over modern finishes, and who see potential in a home that has been maintained but may benefit from personalized updates. Its rankings suggest it’s a competitively sized home for the area, though its age is a factor to consider. The lack of a garage is offset by the large lot, which presents opportunities for landscaping, gardening, or future additions.
Frequently Asked Questions
1. What does the "one-and-a-half storey" design mean?
This typically indicates a home where the second floor has sloped ceilings (following the roof line) and potentially dormer windows, creating cozy bedrooms or living spaces that are full-height in the center of the room.
2. How should I interpret the neighborhood ranking data?
The rankings compare this property to others on its street, in Varsity View, and across Winnipeg. For example, being newer than only 5% of homes in the community highlights its vintage character, while its lot size ranking in the top 38% city-wide is a significant advantage.
3. The home was built in 1942. What should I be mindful of?
While the finished basement is a plus, the age of the home necessitates a thorough inspection. Key focuses should be the foundation, the condition of original plumbing and electrical systems, and the insulation and efficiency of windows and the roof.
4. There's no garage. Is parking or adding one feasible?
The large lot provides ample space for driveway parking and the potential to add a detached garage or carport in the future, subject to local zoning and permit approvals.
5. The 2021 sale price is close to the current assessment. What does this indicate?
This suggests the market value has remained relatively stable in recent years, with the assessment aligning closely with a recent transaction. It provides a grounded benchmark for the property's worth in the current market.