230 Chalfont Road

Property Summary: 230 Chalfont Road

Section 1: Overview & Appeal

This is a spacious, well-established property in the sought-after Varsity View neighbourhood. Its key characteristic is the generous 10,953 sqft lot, which is significantly larger than most in the area, offering ample outdoor space and privacy. The home itself is a 1,612 sqft one-storey bungalow with a finished basement, built in 2002, providing modern comforts without the concerns of an older home. A key, less obvious appeal is its consistently high percentile rankings across nearly all metrics—for lot size, age, and assessed value, it ranks in the top 5-20% not just in its community but across all of Winnipeg. This indicates a property that is genuinely above average in its fundamentals, not just its immediate surroundings. The home suits buyers looking for a move-in ready, single-level living option on a premium lot, ideal for families desiring backyard space, gardeners, or those planning future additions like a detached garage or workshop. Its strong assessed value ranking also suggests it appeals to value-conscious buyers seeking a property with solid intrinsic worth.

Section 2: Key Questions (FAQs)

1. What does the high percentile ranking for "Assessed Value" actually mean?
It means the property's official municipal assessment of $645,000 is higher than 95% of all homes in Winnipeg. This generally reflects a combination of its large lot, desirable location, and the home's condition, but it is not a direct market price prediction.

2. Is the finished basement included in the 1,612 sqft living area?
Typically, municipal living area (sqft) refers to above-grade space. The 1,612 sqft is likely the main and upper floor area only, with the finished basement providing additional living space not counted in that figure.

3. The home is 24 years old. What might need attention?
While modern, a 2002 build means key components like the roof, major appliances, and the HVAC system are approaching or within the window where replacement should be budgeted for. A thorough inspection is advised.

4. How does such a large lot impact costs and maintenance?
It offers great potential but also means higher property taxes (reflected in the high assessment), increased water costs for lawn care, and more time or expense for yard maintenance, including snow removal in winter.

5. The "age" ranking is very high (top 11% in the community). Is it a new home?
Not exactly. "New" is relative in an established neighbourhood. This ranking means it's newer than 89% of homes in Varsity View, where many houses are much older. It offers a more contemporary layout and systems while being in a mature area.