Property Overview & Key Characteristics
This two-storey home in Varsity View offers a practical, low-maintenance lifestyle in a well-established neighbourhood. Built in 2004, it combines modern construction with a generous 5,527 sqft lot. The 1,781 sqft living space includes a finished basement and an attached garage. Its appeal lies in its above-average size and modern age for the area, ranking highly within its street and community for square footage, newness, and assessed value. The home suits first-time buyers seeking a move-in-ready property, small families appreciating the extra indoor and outdoor space, or downsizers looking for a manageable yet spacious home without the concerns of an older build.
Perspective & Suitability: While many homes in mature neighbourhoods are much older, this property offers a relative "blank slate" with systems and structure from this century, potentially reducing immediate repair costs. Its strong assessment value ranking suggests it's a solid, mainstream investment within its locale, rather than a fixer-upper or luxury outlier.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Varsity View, and across all of Winnipeg. For example, ranking in the top 9% city-wide for assessed value means it's valued higher than 91% of Winnipeg homes, indicating a strong market position for its price point.
2. Is the basement a legal suite?
The listing notes the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should investigate the specific permits and compliance with local bylaws.
3. What are the annual property taxes?
The assessed value is $575,000. Taxes are not listed here; buyers should use this assessment figure to calculate an estimated annual tax amount through the City of Winnipeg's tax rate.
4. How does the lot size benefit the buyer?
At over 5,500 sqft, the lot is larger than many in urban neighbourhoods. This provides ample private outdoor space for gardening, play, or entertaining, and offers potential for future additions like a shed or deck, subject to zoning.
5. Why is the home's "newness" ranking a notable advantage?
Being newer than 92% of homes in Varsity View suggests major components like the roof, windows, and HVAC system are likely in good condition and built to more recent codes. This can translate to lower immediate maintenance costs and better energy efficiency compared to the neighbourhood's older housing stock.