240 Bloomer Crescent

Property Overview: 240 Bloomer Crescent

This well-situated Varsity View bungalow presents a practical and comfortable family home. Built in 2002, it offers modern essentials within a mature, established neighbourhood. The key appeal lies in its combination of a generous 6,166 sqft lot, a fully finished basement, and a single-level living layout, all in a highly desirable location close to the University of Manitoba. The data suggests a home that is newer and on a larger parcel than many in the broader Winnipeg area, offering space and relative modernity.

Key Characteristics & Suitability

The home’s 1,591 sqft of living space is spread across one main floor and a developed basement, ideal for those seeking minimal stairs or easy layout flow. Its standout feature is the lot size, which is notably larger than most in the immediate area, providing ample outdoor space for gardening, play, or future expansion. As a bungalow with a finished basement, it naturally suits growing families, downsizers who want main-floor living but still need extra space, or investors looking for a solid rental property near the university. Its competitive rankings in assessment value and building age for Winnipeg indicate a property with above-average inherent value and condition for the city.

The appeal is grounded in balance: it’s not the largest house on the street, but it sits on one of the larger lots. It’s not brand new, but it’s significantly newer than most homes in Winnipeg, potentially meaning fewer major repairs in the near term. It would particularly suit a buyer who values a quiet, academic-adjacent community, a manageable single-story footprint, and the private outdoor potential that a large lot affords.

Frequently Asked Questions

1. How does the 2020 sale price compare to the current asking price?
The home sold for $521,000 in May 2020. The current assessed value is $564,000. This difference reflects market changes over four years and the assessed value for taxation, which is a key data point for buyers to discuss with their agent in relation to the list price.

2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should verify its compliance with local zoning and licensing regulations.

3. What does the ranking data actually mean?
The percentages show how this property compares to others. For example, it ranks in the top 27% of Winnipeg homes by living area, and in the top 10% by assessed value. This indicates it is a above-average sized home with an assessment that is high relative to the Winnipeg market, often a sign of perceived value or desirability.

4. What are the benefits of the Varsity View location?
Varsity View is a stable, established neighbourhood adjacent to the University of Manitoba. This typically offers a blend of quiet, tree-lined streets with convenient access to academic facilities, research parks, and associated amenities.

5. What might the "ONE STOREY" building type imply for maintenance?
While bungalows offer convenient single-level living, it’s important to note that all roof and exterior wall surface area is concentrated on one floor, which can sometimes mean proportionally higher roofing costs compared to a two-story home with the same square footage. However, being built in 2002, the major components are likely in good condition.