Property Overview
384 Chalfont Road is a well-established, one-storey home in the sought-after Varsity View neighbourhood. Its primary appeal lies in the combination of a large, mature lot in a prime location with the practical layout of a fully finished bungalow. The property sits on a generous 12,592 sqft lot, which ranks in the top 3% for size across Winnipeg, offering exceptional outdoor space and potential. The home itself, built in 1972, features 1,320 sqft of living space with a finished basement and a detached garage.
This home would best suit buyers who value space and location over a modern build. It's ideal for those looking for a solid foundation in a prestigious academic community—perhaps a family wanting room for children and pets to play, or a downsizer seeking single-level living without compromising on yard size. The significant lot size is a standout asset, not just for gardening or recreation, but as a long-term investment in a neighbourhood where land is at a premium. It’s a property for someone who sees the value in the land itself and is comfortable with a home that has character and may benefit from personal updates over time.
Frequently Asked Questions
1. How does the age of the home (built in 1972) impact its condition and value?
While the home is over 50 years old, its assessed value ranks in the top 26% city-wide, indicating it is well-maintained and holds solid market value for its area. Buyers should budget for standard maintenance expected of a home of this vintage, but the fully finished basement adds immediate liveable space.
2. The lot is exceptionally large. What are the benefits and responsibilities?
The 12,592 sqft lot is a major feature, offering privacy, space for additions like a garden or shed, and future development potential (subject to zoning). The trade-off is higher maintenance for landscaping, snow clearing, and potentially higher property taxes relative to lot size.
3. Who is the typical buyer in Varsity View, and what is the neighbourhood like?
Varsity View is a mature, quiet neighbourhood known for its proximity to the University of Manitoba. It attracts academics, professionals, and families seeking a stable community with a strong sense of place. The high community rankings for lot and home value reflect its desirability.
4. The home ranks highly for lot size but lower for building age on its street. What does this mean?
This suggests the home is on one of the larger, more valuable parcels on Chalfont Road, but the house itself is older than many of its immediate neighbours. The value proposition here is weighted more toward the land and location than a newer structure.
5. Is the detached garage a significant consideration?
A detached garage offers flexibility and can be ideal for a workshop or extra storage. However, it is less convenient than an attached garage during Winnipeg winters. The setup is common for bungalows of this era and should be evaluated for its condition and suitability for your needs.