209 Alcrest Drive

Property Summary: 209 Alcrest Drive, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a classic, well-maintained bungalow on a large, mature lot in the established Varsity View neighbourhood. Its primary appeal lies in its generous 9,226 sqft property—a significant and increasingly rare asset that ranks in the top 8% of all lots in Winnipeg. The home itself is a practical 1,392 sqft one-storey layout with a finished basement, offering flexible living space. A notable and less common feature for the area is a private swimming pool, creating a ready-made summer retreat.

The property suits buyers looking for a solid, no-frills home where the true value is in the land itself. It’s ideal for those who prioritize outdoor space for gardening, recreation, or future expansion over a brand-new interior. It would also appeal to a downsizer seeking single-level living without sacrificing yard size, or to a family valuing proximity to the University of Manitoba while having ample room for kids and pets to play. The rankings indicate it outperforms most Winnipeg homes on lot size, but the 1968 build date suggests a buyer should be comfortable with the character and potential updates of an older home.

Frequently Asked Questions

1. What is the condition of the in-ground pool?
While the listing confirms the pool's existence, specific details on its age, liner/condition, filtration system, and most recent inspection are not provided. A professional inspection would be essential to understand any required maintenance or operational costs.

2. Why is there no garage, and is there potential to add one?
The property currently has no garage. Given the exceptional lot size, there is likely space to construct one, subject to local zoning bylaws and setback requirements. This could be a key value-add project for a new owner.

3. How does the 1968 construction date affect the home?
The home is from an era with solid construction but may have original or aging major systems (like plumbing, electrical, roof, and windows). The rankings show it’s newer than 46% of Winnipeg homes, but a thorough inspection is advised to plan for any updates.

4. What are the annual property taxes?
The assessment value is $415,000. Taxes can be estimated using the current City of Winnipeg mill rate, but contacting the city or the listing agent for the exact annual amount is recommended for accurate budgeting.

5. The rankings show high land value but average home value. What does this mean?
This pattern is common for older homes on large lots. It suggests the property's worth is heavily tied to the land. For a buyer, this means you are investing in location and future potential as much as the current structure, which could be renovated or eventually replaced to maximize the lot's value.