214 Alcrest Drive

Property Summary: 214 Alcrest Drive, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a classic, one-storey bungalow on a large, 7,665 sqft lot in the established Varsity View neighbourhood. Built in 1971, the home offers 864 sqft of living space above grade and includes an unfinished basement, presenting a clear opportunity for future expansion or customization. Notably, it does not have a garage or pool.

Its primary appeal lies in its exceptional lot size and location. The property ranks in the top 13% of all Winnipeg homes for land area, offering rare suburban space within a mature, convenient community. While the house itself is modest in size and original in condition, this creates a compelling value proposition: you are purchasing significant land with a liveable structure. It perfectly suits first-time buyers, investors, or downsizers looking for an affordable entry into a desirable area, with the vision and budget to renovate or expand over time. It’s a property for those who value land and potential over immediate turn-key finishes.

Frequently Asked Questions

1. What does the "unfinished basement" entail?
It is a full basement that is roughed-in but not developed. It provides essential mechanical systems and ample storage or future living space, but completing it would require a significant investment for framing, insulation, flooring, and finishing.

2. How does the lack of a garage affect daily life and value?
The absence of a garage means relying on street parking or the potential cost of adding a driveway and structure. For some buyers, this is a trade-off for the lot size and price point. It's an important factor to consider for vehicle security and convenience during Winnipeg winters.

3. The rankings show the house is older and smaller than many others. Is this a concern?
Not necessarily, but it sets clear expectations. The rankings confirm this is a land-value play. The house is functional but will likely require updates (e.g., windows, roof, kitchen, bathroom) to meet modern standards. The appeal is the solid foundation and the space to grow into.

4. The lot is large, but what is it like?
A nearly 7,700 sqft lot is significantly larger than many newer properties. It offers tremendous outdoor space for gardening, recreation, or future additions like a garage, deck, or sunroom. It's a key asset that provides privacy and flexibility.

5. What is the neighbourhood character of Varsity View?
Varsity View is a mature, well-regarded neighbourhood near the University of Manitoba. It typically features a mix of original bungalows and renovated or rebuilt homes, giving it a stable, established feel with a trend towards gradual modernization.