This 1954 one-storey home in Varsity View is defined by its substantial, mature lot and functional layout. Its primary appeal lies in the rare combination of a large, 8,576 sqft property within a central, established neighbourhood. The home itself is modest in size at 846 sqft but offers a finished basement and a split garage. Its competitive strength is clearly in the land: the lot size ranks in the top 9% of all Winnipeg, suggesting significant future potential. The home suits a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values location and land size over a large or modern living space. It’s a property where the real value may be in the long-term opportunity of the lot itself, making it ideal for someone with a vision for renovation, expansion, or simply securing a sizable piece of a sought-after community.
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What does the ranking data actually tell me?
The rankings show this property excels in lot size but is older and smaller than most comparables. It's a trade-off: you're acquiring a top-tier lot with a home that needs to be evaluated for its current condition and suitability.
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Is the finished basement included in the 846 sqft living area?
Typically, the listed living area (846 sqft) refers to above-ground space. The finished basement would provide additional usable rooms, but clarification on its size, layout, and ceiling height is essential.
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What are the implications of such a large lot?
Beyond privacy and space, a lot of this size could allow for additions like a garden suite, a major expansion, or a new build (subject to zoning). It also means higher maintenance and property tax assessments are often land-value driven.
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How does the 1954 build year affect things?
While the home has been maintained, buyers should proactively investigate the condition of major aging components like the roof, plumbing, electrical, and foundation, and budget for updates.
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Why is the assessed value notably lower than the likely selling price?
Municipal assessments often lag behind market trends, especially in high-demand areas. The assessed value is a tax calculation tool; the market price will be driven by the lot's rarity and location more than the existing home's appraisal.