This is a distinctive one-storey home on an exceptionally large, mature lot in the sought-after Varsity View neighbourhood. Its primary appeal lies in the rare combination of a central location and a private, park-like setting of over 32,600 square feet. The house itself, built in 1935, is a modest 1,269 sqft bungalow with a split garage. The key draw is the land: it offers immense potential for expansion, redevelopment, or simply enjoying one of the largest private yards in the area. This property would perfectly suit a buyer with a vision—whether that’s a family seeking space for gardens and play, a builder or investor eyeing the lot’s potential, or someone looking for a quiet retreat within the city. Its value is in the opportunity it presents rather than in its current finishes or size.
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What is the true value here? The assessed value is relatively low, reflecting the age and size of the existing home. The market value is primarily driven by the land's rarity, size, and location, making it significantly higher than the assessment.
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Is the house in good condition? Given its age (91 years), buyers should budget for updates and essential systems checks. The charm is in its classic bungalow layout, but modernizing will likely be part of the long-term plan.
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What can I do with such a large lot? The possibilities are a major selling point. Options could include a significant addition, building a new primary residence (subject to zoning), creating extensive gardens, or even future subdivision if regulations allow—a professional consultation is advised.
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How does the ranking system work? The rankings clearly show the property's dual nature: it ranks in the top 1-2% for lot size in Winnipeg, but in the bottom tiers for the age of the home and its assessed value. This highlights the contrast between the premium land and the modest, older dwelling.
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Who is this not a good fit for? It may not suit buyers seeking a move-in-ready, modern home without renovation plans. The appeal is for those who see the land as an asset and are prepared for a project, whether immediate or long-term.