Property Overview
This 1974-built, three-level split home in Varsity View offers a practical layout on a large, 5,664 sqft lot. Its key appeal lies in the balance of established neighborhood character and solid value. With over 1,000 sqft of living space and a finished basement, it provides functional room for a small family or couple. The property’s standout feature is its lot size, which is notably larger than many in the area, offering valuable outdoor space and future potential in a mature, central community. Its market rankings indicate it is a competitively priced home within Winnipeg broadly, positioned as a comfortable, no-frills option rather than a top-tier performer in its immediate locale. This home would suit first-time buyers, practical-minded investors, or downsizers looking for a manageable property with a generous yard in a convenient university-area neighborhood. A less obvious perspective is that its "middle-of-the-pack" rankings on metrics like age and value suggest a stable, lower-volatility investment in a well-established area, avoiding the premium prices of fully renovated homes or the major projects of fixer-uppers.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg for specific metrics. For example, being newer than 54% of Winnipeg homes means its 1974 build date is slightly above the city's median age, indicating a mature but not historic property.
2. Is the finished basement included in the 1,076 sqft living area?
Typically, the listed living area refers to above-grade, heated space. The finished basement would provide additional usable square footage, but it's important to clarify with a measurement or floor plan to understand the total functional space.
3. What are the implications of having no garage?
This means parking is limited to the driveway and street. For this neighborhood, the very large lot is a significant compensation, as it provides ample room for vehicle parking, storage sheds, or even future construction of a garage, subject to permits.
4. How does the assessment value relate to the likely selling price?
The $348,000 assessment is for municipal tax purposes. The selling price is determined by the market and can be higher or lower. This assessment does, however, suggest a solid baseline value for the property.
5. What is the typical feel of a three-level split layout?
This style often creates distinct living zones across its levels, offering good separation between living, sleeping, and basement recreation areas. It can feel spacious for its square footage, but also involves more stairs than a bungalow or two-story home.