218 Alcrest Drive

Property Overview

This 1970-built, one-storey home in Varsity View offers a practical and private living arrangement on a large, mature lot. Its key appeal lies in the combination of a fully finished basement, a generous 7,663 sqft property, and a location that provides a quiet, established neighbourhood feel while remaining centrally accessible. The home’s 936 sqft main floor is compact, but the additional finished space below grade effectively doubles the liveable area, making it ideal for a small family, a couple seeking a home office or hobby space, or a first-time buyer looking for a manageable footprint with room to grow.

The property’s data reveals some thoughtful perspectives. While the home itself is modest in size compared to newer builds, its lot size ranks in the top 13% city-wide, offering exceptional outdoor potential. The assessment value has seen healthy growth, increasing significantly from its 2017 sale price to its current valuation, suggesting the underlying land and location are strong assets. This home would suit a buyer who values a large, private yard over sheer interior square footage, and who sees the value in a home that is competitively positioned within its community for lot size and overall value, rather than being the newest or largest house on the block.

Frequently Asked Questions

Q: How does the finished basement affect the living space?
A: The fully finished basement effectively doubles the functional living area of the home, providing crucial extra space for recreation, guests, or a home office beyond the 936 sqft main floor.

Q: The home was built in 1970. What should I consider?
A: While the structure is solid and from an established era, a buyer should budget for potential updates to major systems like roofing, windows, or the furnace, which may be nearing a natural replacement age.

Q: Is the price driven more by the house or the land?
A: The data suggests a strong land component. The lot size is in the top 13% in Winnipeg, indicating much of the property's value and future potential is tied to its substantial, mature parcel in a desirable neighbourhood.

Q: How does this property rank for value in the area?
A: Its assessment value ranks higher than 67% of Winnipeg homes, indicating good municipal valuation for taxes. However, its last sale price was below that assessment, which may present a negotiation opportunity relative to its official worth.

Q: What is the parking situation?
A: The home features a split garage, which typically offers space for two vehicles and additional storage, a valuable asset in a neighbourhood of mostly older homes.