Property Overview
This 1958-built, one-storey home in Varsity View offers a classic, low-maintenance layout on a large, 6,840 sqft lot. Its key appeal lies in a combination of space, location, and practicality. The 908 sqft main floor is complemented by a finished basement, providing flexible living space. A split garage adds convenience. The property's standout characteristic is its lot size, which is significantly larger than most in Winnipeg, ranking in the top 18% city-wide. This presents a major opportunity for gardening, outdoor living, or future expansion. The home suits first-time buyers seeking a solid starter in a central neighbourhood, downsizers looking for a manageable single-level layout without sacrificing yard space, or value-focused investors attracted by the lot's inherent potential. It's a property where the land is a primary asset, offering more future flexibility than the compact house might initially suggest.
Frequently Asked Questions
1. How does the age of the home affect its condition?
Built in 1958, the home is older than approximately 65% of Winnipeg houses. Prospective buyers should prioritize a thorough inspection to assess the condition of major aging components like the roof, foundation, and plumbing, which is standard for homes of this era.
2. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and the wider city. For example, its lot size ranks in the top 18% in Winnipeg, meaning it's larger than 82% of properties. Conversely, its living area is more compact, ranking as larger than only 20% of city homes.
3. Is the finished basement included in the 908 sqft living area?
No. The listed 908 sqft refers to the above-ground, main-floor living space. The finished basement provides additional, separate square footage.
4. Why is the current assessed value higher than the 2019 sale price?
The 2024 assessment of $354,000 reflects the municipal valuation for tax purposes, influenced by market trends and improvements. The 2019 sale price of $313,000 is a historical market transaction. The assessment is not a direct indicator of current market value.
5. What are the advantages of a split garage?
A split garage, typically configured as two separate single bays, offers more flexibility than a single double-door garage. It can allow for better organization, dedicated workshop space, or easier access when one bay is in use.