Property Overview & Appeal
This 1974-built, single-storey home in Varsity View offers a practical layout with 1,176 sqft of living space and a finished basement, situated on a spacious 6,021 sqft lot. Its key appeal lies in its established, quiet neighbourhood and the generous lot size, which is larger than many in the area, offering room for gardening, play, or future expansion. The home suits first-time buyers or downsizers looking for a manageable, single-level floorplan in a mature community. It also presents a solid opportunity for value-conscious buyers or investors comfortable with a property of this age, who see potential in the existing structure and the significant land parcel. A thoughtful perspective is that while the interior space is modest relative to the lot size, this imbalance highlights the property's true long-term value: the land itself in a well-located neighbourhood.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across Winnipeg. For example, its land size ranks highly (top 31% in Winnipeg), indicating a larger-than-average lot, while its living area is more average (top 50% in Winnipeg).
2. Is a 52-year-old home a concern?
While the 1974 build date means systems like roof, windows, and plumbing may need updating or have been updated over time, it also often means the home is situated in a mature area with established landscaping and community character. A thorough inspection is essential.
3. Who is the typical buyer for this home?
It's well-suited for first-time homeowners or empty-nesters seeking a single-level layout without stairs. Its condition and size also make it a candidate for buyers looking for a property where they can add value over time.
4. What are the advantages of the Varsity View location?
Varsity View is a central, established neighbourhood known for its quiet, tree-lined streets and proximity to the University of Manitoba, offering a blend of residential calm with convenient access to amenities and major routes.
5. How should I interpret the assessed value?
The $378,000 assessment is a municipal valuation for tax purposes. It provides a benchmark, but the market value—what a buyer is willing to pay—can be higher or lower based on condition, updates, and current market trends.