Property Overview
This 1968-built, one-storey home in Varsity View offers a classic and practical living arrangement on a large, 8,153 sqft lot. Its key appeal lies in the combination of a spacious, established property with a fully finished basement, providing flexible living space. The home’s 1,105 sqft main floor is complemented by the additional below-grade area, making it a functional layout for a variety of needs. Its strong city-wide ranking for lot size (top 11%) indicates a property with valuable outdoor space and privacy uncommon in many areas.
It would particularly suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing yard size, or investors/renovators who see potential in the solid foundation and generous lot. A less obvious perspective is its appeal to those seeking a "blank canvas" property in a mature neighbourhood—the large lot and finished basement offer multiple avenues for future expansion or customization, whether for outdoor living, gardening, or creating a separate in-law suite.
Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg. For example, ranking in the top 11% for lot size in Winnipeg means the property is larger than 89% of homes in the city, a significant advantage.
2. Is the finished basement included in the 1,105 sqft living area?
No. The 1,105 sqft refers to the above-grade, main floor living space. The fully finished basement is additional square footage, increasing the home's total usable area.
3. What are the implications of the home's age (58 years)?
While the home has been maintained, buyers should budget for potential updates to major aging components like the roof, windows, or mechanical systems. Its age is typical for the neighbourhood and is offset by the value of the mature lot.
4. How does the lot size benefit a buyer?
Beyond simple privacy, a lot of this scale (over 8,000 sqft) provides rare potential for additions, landscaping projects, or recreational space. It also likely contributes to the property's assessed value and future resale appeal.
5. The value rank is higher than the size/age ranks. What does this indicate?
The assessment value ranks higher than the living area or age rankings, suggesting that factors like the desirable lot size, finished basement, and location in Varsity View are positively influencing its official valuation.