Property Overview & Key Characteristics
This 1978-built, one-storey home in Varsity View offers a practical and settled living environment on a generous, mature lot. Its appeal lies in a combination of established neighbourhood character, functional space, and a solid value proposition relative to the wider Winnipeg market. The fully finished basement and split garage add useful space and functionality. The home's rankings indicate it is a competitively sized and valued property within the city, particularly outranking a majority of Winnipeg homes in assessed value. It suits buyers looking for a manageable single-level layout, those who value a larger lot in a central area, and practical-minded purchasers seeking a home with immediate livability and established roots over a new-build project. A thoughtful perspective is that while the home is nearly 50 years old, its above-average rankings for age within its immediate area suggest it has been maintained amidst older peers, potentially indicating a well-kept streetscape.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, established community near the University of Manitoba, offering a mix of academic and long-term residential character with the convenience of nearby amenities and green spaces.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its configuration and compliance with local regulations through their inspector and the city.
3. How does the "ranking" system work?
The rankings compare this home against others on the same street, in Varsity View, and across all of Winnipeg for metrics like size, age, and assessed value. For example, ranking in the "top 30%" for value in Winnipeg means it is assessed higher than 70% of city properties, suggesting a strong municipal valuation.
4. What does the lot size offer?
At over 5,800 square feet, the lot is larger than average, providing ample outdoor space for gardening, recreation, or future expansion, which is a notable asset in a mature neighbourhood.
5. What should I consider about a home from 1978?
While the home has proven longevity, its systems (like roof, windows, plumbing, and electrical) are likely original or have been updated at various stages. A thorough inspection is crucial to understand the condition and timeline for any upcoming maintenance or upgrades.