Property Overview & Key Characteristics
This 1997-built two-storey home in Varsity View offers a well-proportioned and established family footprint. Its key appeal lies in its above-average size and value within its context. With 2,070 sqft of living space on a large 5,773 sqft lot, it provides more room than the vast majority of homes in Winnipeg, ranking in the top 8% for space. The property includes a finished basement and an attached garage. Its assessed value of $631,000 ranks highly, placing it in the top 5% of Winnipeg properties by valuation, suggesting it is a substantial, well-regarded asset in the area.
The home’s appeal is grounded in its balance of space, established neighbourhood character, and modern-enough amenities. It suits buyers looking for a move-in ready family home without the unknowns of an older character property, but who still want a generous lot and interior space. It would particularly fit growing families seeking stability in a central neighbourhood, or value-oriented buyers who prioritize square footage and lot size over a brand-new build. A less obvious perspective is its potential for buyers who appreciate data-driven metrics; its consistently high rankings across size, value, and even relative newness for the community (top 18%) indicate a property that outperforms its immediate peers on paper, which can be reassuring for a long-term investment.
Frequently Asked Questions
1. How does the age of the home (built in 1997) factor into maintenance?
This home is in a sweet spot where major original components like the roof, windows, and furnace are likely within or approaching their typical replacement cycle. This allows a buyer to plan and budget for updates, rather than facing the immediate critical repairs often found in older homes or the potential builder-grade issues of some newer ones.
2. The home ranks highly for size and value, but lower for its age within its specific street. What does this mean?
This indicates that while the home is newer than 82% of houses in the broader Varsity View community, its own street may have several newer constructions. This suggests a desirable, evolving street but means this property may not be the newest model on the block.
3. What is the significance of having a finished basement versus an unfinished one?
The finished basement immediately adds usable living space, which is a key factor in the home's high square footage ranking. It provides flexibility for recreation, guests, or a home office without the need for a renovation project.
4. The lot is large, but how might that impact upkeep?
The 5,773 sqft lot offers excellent outdoor space for gardening or play. However, it also means more lawn to mow and landscape to maintain compared to newer subdivisions with smaller lots, which is a consideration for time or budget.
5. The assessment value is in the top 5% for Winnipeg. Will my property taxes be similarly high?
While a high assessment is a strong indicator of the property's market value, property taxes are calculated using the municipal mill rate. Taxes will be correspondingly significant, but not necessarily in the exact top 5 percentile. It's advisable to research the actual annual tax amount for a precise figure.