Property Overview
This 1974-built, one-storey home in Varsity View offers a practical and spacious family layout on a large, 7,175 sqft lot. Its key appeal lies in its above-average scale and established setting. With 1,344 sqft of living space, it is larger than roughly two-thirds of Winnipeg homes, providing ample room. The property includes a finished basement and a detached garage. Its assessed value of $423,000 ranks within the top 30% citywide, indicating strong underlying value for the area. The neighbourhood rankings show it performs consistently well within its immediate community.
This home would suit buyers looking for a solid, move-in-ready property without the premium of a newer build. It’s ideal for those who prioritize interior space and a generous lot over a brand-new home. The established neighbourhood and strong value rankings suggest a sensible choice for long-term owners or families seeking stability and room to grow.
Frequently Asked Questions
1. How does the age of the home (built in 1974) affect its condition and potential costs?
While the home is over 50 years old, its above-average citywide rankings for value and size suggest it has been maintained well. Buyers should budget for standard updates expected for a home of this era, such as roofing, windows, or major mechanical systems, but the finished basement indicates some modernization has already occurred.
2. What are the benefits and drawbacks of a detached garage?
A detached garage provides flexibility for use as a workshop or studio separate from the house and can reduce noise. The main drawback is convenience, particularly during Winnipeg winters, as you must go outside to access your vehicle.
3. The lot is large, but how is the property ranked relative to others on the street?
The land size ranks in the top half of the street, but not at the very top. This means you get a generously sized lot for the area without necessarily paying the premium that the absolute largest lots might command, offering a good balance of space and value.
4. The community ranking for living area is "top 40%." What does this indicate?
This means the home's interior square footage is greater than 60% of other homes in Varsity View. For buyers, this signals that the home likely feels more spacious than many typical options in this popular neighbourhood, providing a relative advantage in terms of roominess.
5. Why is the citywide ranking for value (top 30%) significantly higher than its neighbourhood ranking (top 41%)?
This suggests that while the home is priced competitively within Varsity View, it represents an even stronger value proposition when compared to the entire Winnipeg market. Buyers from other parts of the city might find this property particularly appealing for the space and lot size at this price point.