Property Summary: 370 Lynbrook Drive, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1978, situated on a spacious, mature lot in the established Varsity View neighbourhood. Its key features include a fully finished basement and a split garage. With 1,126 sqft of living space, it offers comfortable, manageable proportions for a variety of lifestyles.
The home’s primary appeal lies in its balance of space, location, and value. It sits on a large lot (over 5,800 sqft), which is a significant asset in a central neighbourhood, offering potential for gardening, outdoor living, or future expansion. The rankings provided indicate it holds its own in the local market, particularly notable for being newer than many homes on its street and in the wider city. It represents a solid, move-in-ready property without the premium price tag of a new build or a full renovation project.
This property would suit first-time buyers seeking a foothold in a desirable area, downsizers looking for a single-level layout without sacrificing yard space, or pragmatic investors attracted by the stable rental demand near the university. It’s for those who value a quiet, established streetscape and the character of a mature neighbourhood over brand-new construction.
Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings show how this property compares to others in terms of size, age, and assessed value. For example, being newer than 74% of homes on its street suggests it may have had updates or requires less immediate maintenance than many neighbours.
2. Is the finished basement included in the 1,126 sqft living area?
Typically, the listed "living area" refers to above-grade, heated space. The 1,126 sqft is likely the main floor area, with the finished basement providing additional bonus space not reflected in that figure.
3. What are the advantages of a split garage?
A split garage (often two separate single doors) can offer more flexible use than one large double door, such as dedicating one bay to workshop space or storage while keeping the other free for a vehicle.
4. How does the 1978 build year affect the home?
Homes from this era often feature practical layouts and robust construction. Buyers should proactively investigate the age and condition of major systems (roof, windows, furnace) and be aware of materials of the time, such as potential for original single-pane windows or aluminum wiring.
5. Who might the assessed value be important for?
The municipal assessment ($388,000) is primarily used for calculating property taxes. While it can be a general market indicator, the listing price is determined by the seller and current market conditions, which can be higher or lower than the assessed value.