Property Overview
This well-established Varsity View home offers a blend of space, location, and mature charm. Built in 1987, it sits on a generous 8,130 sqft lot, providing ample outdoor room—a notable feature within the city. The nearly 2,000 sqft of living space is spread over two stories, with the added benefit of a finished basement, creating flexible room for family living, hobbies, or guests. Its key appeal lies in its position within a sought-after neighborhood, coupled with a lot size that ranks in the top 11% city-wide, offering rare potential for gardens, play, or future expansion. The home suits buyers looking for a solid, single-family house in a prime academic community, who value a larger parcel of land over a brand-new build and are ready to put their own stamp on a property with good underlying value.
Frequently Asked Questions
1. How does the home's condition compare to its 1987 build year?
While the listing notes a finished basement, the age suggests that major systems like the roof, windows, or furnace may be nearing or due for updates. A thorough inspection is recommended to budget for any necessary maintenance or modernization.
2. What does the lot size ranking truly mean for me?
Ranking in the top 11% in Winnipeg for lot size is significant. It means you're getting a property with far more outdoor space than most in the city, offering privacy, landscaping potential, and a sense of openness that is increasingly rare.
3. The 2022 sale price was $520,000, but the current assessed value is higher. Why?
The assessed value of $576,000 reflects the municipal valuation for tax purposes, which considers market trends and area sales. It doesn't dictate the sale price, but the gap between the recent purchase price and current assessment may indicate strong market appreciation in the area or improvements made.
4. Is the finished basement included in the 1,996 sqft living area?
Typically, municipal living area (sqft) figures do not include below-grade spaces, even if finished. The 1,996 sqft likely refers to the above-ground main and second floors. The finished basement is a valuable bonus space on top of that.
5. The home ranks lower on "street" for living area. Should I be concerned?
This simply means that on Bramble Drive itself, there are many homes with even larger above-ground square footage. However, the home still ranks in the top 11% within its wider community and top 10% city-wide for living space, confirming it is a notably spacious property overall.