Property Overview
This 1993-built, single-storey home on a large 8,132 sqft lot in Varsity View presents a compelling opportunity. Its key appeal lies in a combination of space, location, and established value. The 1,804 sqft living area is above average for the area and includes a finished basement, offering flexible space for a growing family, a home office, or recreation. The oversized lot is a significant asset, providing ample room for gardening, play, or future expansion.
The home’s strength is underscored by its competitive rankings within Winnipeg. It sits in the top 15% for living space and the top 10% for assessed value city-wide, suggesting it is a substantial property relative to the market. It would suit buyers looking for a move-in ready family home in a mature, sought-after neighbourhood who prioritize indoor and outdoor space over a brand-new build. It’s also a fit for those who appreciate data-driven value; the rankings indicate a property that outperforms most peers in key metrics, which can be reassuring for a long-term investment.
A few less obvious points: The 33-year age means major components may be due for updates, but also that the neighbourhood’s character is fully established. The high city-wide rankings contrast with more moderate street-level rankings, hinting that this is a strong house on a street of similarly desirable properties.
Frequently Asked Questions
1. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the rooms or finish quality. A viewing is essential to determine if it’s a casual rec room or includes proper bedrooms and a living space.
2. How does the 1993 build year affect the home?
Homes of this age often have original roofing, windows, and major mechanical systems (like the furnace) nearing or at the end of their typical lifespan. A thorough inspection is crucial to budget for potential updates.
3. What are the benefits of such a large lot?
Beyond privacy and space, the 8,132 sqft lot offers rare potential for additions like a deck, shed, or even a future garage expansion. It’s a feature that is increasingly difficult to find in established neighbourhoods.
4. The city assessment is $567,000. Is that the sale price?
No. The assessed value is for municipal tax purposes. The sale price is determined by the current market and can be higher or lower than this figure.
5. What do the neighbourhood rankings actually mean?
For example, "in the top 19% for living space in the community" means this home is larger than 81% of the 924 benchmarked properties in Varsity View. It’s a data point showing how this property compares to its immediate neighbours.