Property Overview & Key Characteristics
This two-storey home in Varsity View offers a blend of established neighbourhood charm and practical family living. Built in 1998, its key appeal lies in its generous 6,130 sqft lot and a spacious 1,984 sqft of living area, which ranks well above average for both the city and the immediate community. The property features an unfinished basement, providing a blank canvas for future expansion or storage, and includes an attached garage.
Its primary appeal is for buyers seeking a solid, move-in-ready family home in a mature, academic-adjacent neighbourhood. It particularly suits those who value space—both indoors and on a sizable lot—over brand-new condition. The data suggests a thoughtful perspective: while the house itself is not new, it outperforms most Winnipeg homes in size, offering a relative value proposition. It would fit a growing family, an investor looking for a stable rental in a high-demand area, or a buyer who sees potential in personalizing the unfinished spaces over time.
Frequently Asked Questions
1. How does this home compare to others in the area?
The home ranks highly for its living space, placing in the top 10-20% locally. Its lot size is also very competitive. It's an established home in a mature neighbourhood, so it offers more space than many newer infill properties but may have older finishes.
2. What does the "unfinished basement" entail?
It means the basement is a blank space with core utilities (like heating) likely in place, but with bare walls, concrete floors, and no completed rooms. This is a cost-saving feature at purchase and offers the next owner full control over how to finish and use the space.
3. Is the assessment price the same as the selling price?
Not necessarily. The municipal assessment of $540,000 is for tax purposes and is based on mass appraisal techniques. The market selling price is determined by current buyer demand, condition, and comparable recent sales.
4. What are the less obvious advantages of a 1998-built home?
Homes from this era often benefit from modern building codes and wiring (compared to much older stock) while having established landscaping and neighbourhood maturity. They can represent a "sweet spot" that avoids the major issues of very old homes or the premium price of a new build.
5. Who might this property not suit?
It may not suit buyers seeking a brand-new, low-maintenance home with no projects, as some updates may be due. The unfinished basement requires a vision and investment. Those prioritizing the absolute newest homes in the community (where it ranks lower for age) might also look elsewhere.