Property Overview & Appeal
This 1974-built, one-storey home in Varsity View offers a practical and spacious layout on a large, 6,018 sqft lot. Its key characteristics include a fully finished basement, an attached garage, and 1,322 sqft of living space. The appeal lies in its established neighbourhood setting and the significant value of the land itself, which provides ample outdoor space and future potential. The home’s rankings indicate it is a solid, middle-of-the-road property within its immediate area but stands out more favorably in broader Winnipeg comparisons, particularly for its lot size and assessed value.
It would best suit buyers looking for a single-level living option in a mature community, such as downsizers, first-time homeowners seeking a manageable footprint, or investors attracted by the lot’s redevelopment possibilities. A thoughtful perspective is that while the interior may benefit from updates, the property’s true strength is its foundational offering: a substantial parcel of land in a central location, which is increasingly rare.
Frequently Asked Questions
1. What is the significance of the provided rankings?
The rankings show how this property compares to others in its immediate street, the wider Varsity View community, and all of Winnipeg. For example, its lot size ranks in the top 31% city-wide, indicating a larger-than-average yard, while its age is newer than about half the homes in the community.
2. Is the basement included in the 1,322 sqft living area?
Typically, the listed living area (sqft) refers to above-ground, finished space. The presence of a fully finished basement adds additional usable living area not reflected in that primary square footage figure.
3. What does the assessed value tell a potential buyer?
The municipal assessment of $433,000 is used for calculating property taxes and offers a benchmark of the city’s valuation. It is not a market price but can be a useful data point when compared to similar recent sales in the area.
4. What are the advantages of a one-storey home like this?
Single-level living offers ease of movement and accessibility, which is ideal for aging in place or for those who prefer to avoid stairs. It often also allows for a more efficient use of the floor plan.
5. As a home from the 1970s, what should I anticipate?
While offering solid construction and spacious rooms, homes of this era may have original mechanical systems (like heating or plumbing) or building materials that could require inspection, budgeting for updates, or simply influence your renovation plans.