Property Overview
This 1969 one-storey home in Varsity View offers a practical and spacious layout on a large, mature lot. Its key appeal lies in the combination of a generous 7,473 sqft property with a fully finished basement, providing significant room for a growing family or for hosting. The 1,452 sqft living area ranks notably above average for its neighborhood and the wider city, suggesting a floor plan that makes efficient use of its space. The home suits buyers looking for a solid, move-in-ready property with classic character and room to breathe, particularly those who value established communities over brand-new construction. A thoughtful perspective is its strong city-wide ranking for lot size, indicating a level of outdoor privacy and potential that is becoming rarer in many urban areas. It’s a home that balances indoor and outdoor living without the maintenance burden of a pool.
Frequently Asked Questions
1. How does the home’s age affect its condition and value?
Built in 1969, the home is well-maintained but buyers should budget for updates common to houses of this era, such as windows, roofing, or mechanical systems. Its assessed value has risen since the 2022 purchase, indicating sustained desirability in the area.
2. What are the benefits of the fully finished basement?
The finished basement immediately adds flexible living space, which could serve as a family room, home office, or guest area without the need for a renovation project. It significantly increases the home’s usable square footage.
3. What does the lot size ranking actually mean for me?
Ranking in the top 14% in Winnipeg for lot size means this property offers more outdoor space than the vast majority of city homes. This allows for larger gardens, play areas, or future additions like a deck or shed, with a greater sense of privacy.
4. Is the neighborhood family-friendly?
Located in Varsity View, the area is a established, residential community. Its proximity to the University of Manitoba suggests access to amenities and transit, making it suitable for families, academics, or professionals.
5. How does the recent sale history inform the current price?
The home sold for $355,000 in March 2022. The current assessed value of $377,000 reflects market appreciation and provides a benchmark, but the final list price will be determined by current market conditions and the home’s updated presentation.