Property Overview & Key Characteristics
This 1960s one-storey home in Varsity View offers a classic, low-maintenance layout on a notably large, mature lot of over 9,500 sqft. Its key appeal lies in this rare combination: a fully finished basement and a split garage add functional space, while the property's rankings reveal a compelling value proposition. It significantly outperforms most of Winnipeg for lot size (top 7%) and sits in the top third of its desirable neighborhood for the same metric. This suggests a prime, established setting with ample outdoor potential. The home itself, at just over 1,000 sqft above grade, is practical rather than expansive, suited for those seeking solid fundamentals—a character lot, developed basement space, and a garage—without a premium price tag, as reflected in its mid-range assessed value.
It would perfectly suit a first-time buyer, downsizer, or pragmatic investor looking for a foothold in a well-regarded area. The large lot is a standout for anyone valuing private outdoor space, gardening potential, or future expansion. The rankings indicate you're acquiring a property that is more exceptional for its land than for its structure, ideal for a buyer who sees long-term value in location and lot size and is comfortable with a home that is functionally sound but may require cosmetic updates.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is exceptionally large, placing it in the top 7% of all residential properties in Winnipeg. In Varsity View, it surpasses 82% of homes for lot size, which is a major defining feature.
2. What is the condition and layout of the finished basement?
The listing confirms the basement is finished, adding valuable living or recreational space. Specifics on rooms, ceiling height, and updates should be verified by a viewing and inspection.
3. Is the split garage a double garage?
A split garage typically refers to two separate single garage doors, often side-by-side. This provides the utility of a two-car garage, potentially with a dividing wall inside.
4. The home ranks lower for age and living area. Should I be concerned?
These rankings confirm this is not a new or large modern home. It's a classic, modest-sized bungalow from the 1960s. The value here is weighted more toward the land and location, making it a project-friendly property for those willing to update interiors over time.
5. Why is the assessed value ranking higher in Winnipeg than in the immediate neighborhood?
This suggests that for its assessed price point, you get more property (especially land) compared to the Winnipeg average, but within the sought-after Varsity View community, values are consistently higher, so it faces more local competition.