Property Overview & Appeal
This two-storey home in Varsity View offers a well-proportioned package on a large, nearly 6,800 sqft lot. Its key strength lies in its above-average rankings across several metrics for the area. With 1,540 sqft of living space, a finished basement, and a detached garage, it provides practical family living. The appeal is grounded in its relative modernity compared to the neighborhood—built in 1990, it is newer than roughly 80% of homes in the community—which can mean fewer immediate updates. Its lot size, living area, and assessed value all consistently rank within the top third locally, suggesting a property that holds its own in a desirable area.
It would suit buyers looking for a move-in ready family home in a central, established neighborhood who value space and a relatively contemporary build. It’s a solid choice for those prioritizing a balanced offering over extreme vintage charm or ultra-modern design, and its strong city-wide rankings indicate a competitive asset within the broader Winnipeg market.
Frequently Asked Questions
1. How does the 2023 sale price relate to the current assessed value?
The home sold for $465,000 in October 2023, which is very close to its current assessed value of $477,000. This suggests the assessment is closely aligned with recent market activity.
2. What do the percentile rankings actually mean for a buyer?
They show how this property compares to others nearby. For example, ranking "in the top 19%" for value in Winnipeg means its assessed value is higher than 81% of all city homes, indicating it sits in a more premium segment overall, though it's more middle-of-the-pack within its own immediate community.
3. Is the lot size a significant feature?
At 6,791 sqft, the lot is substantially larger than average for the city and ranks highly even in its own neighborhood. This offers great potential for outdoor space, gardening, or future expansion, which is a key asset in an established area.
4. Does being built in 1990 come with any advantages?
Yes. Homes from this era often benefit from modern construction standards compared to much older neighborhood stock, while typically avoiding some of the complex issues sometimes found in very new builds. It likely strikes a balance between settled infrastructure and contemporary layout.
5. How does this home fit within the Varsity View community?
The data shows it’s a solid, above-average performer within the community for size and value, but not an outlier. It represents a quality, mainstream option in the area rather than a standout historic property or a full renovation project, offering stability and predictable appeal.