240 Chalfont Road

Property Summary: 240 Chalfont Road, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a classic, one-storey home on an exceptionally large, mature lot in the established Varsity View neighborhood. Its primary appeal lies in the rare combination of a nearly half-acre property (21,687 sqft) within a central, sought-after area, offering immense potential for expansion, gardening, or private outdoor space. The home itself is a modest 944 sqft bungalow from 1946 with a finished basement and a detached garage.

The property would best suit a specific type of buyer: those with a vision for the land itself. This could be a family planning a significant renovation or rebuild to create a custom home on a premier lot, an investor seeing long-term value in the land, or a buyer who prioritizes vast private outdoor space over a large existing house. It’s a property where the land is the central asset, appealing to someone comfortable with a home that may require updates in order to unlock the full potential of its location and lot size.

Frequently Asked Questions

1. What does the ranking data actually tell me?
The rankings clearly highlight the property's dichotomy. It ranks in the top 1-3% for lot size in Winnipeg, but in the bottom 20-25% for the age and size of the dwelling itself. This quantifies the opportunity: you are purchasing a top-tier lot with a home that is well below the current area averages.

2. Is the finished basement included in the 944 sqft living area?
No, the 944 sqft figure typically refers to above-ground living space. The finished basement provides additional usable area, but it is separate from the official main floor square footage.

3. What are the implications of a 1946 build date?
While offering classic charm, it strongly suggests that major systems (like plumbing, electrical, and insulation) may be original or dated and will require inspection and likely future investment. The value is in the land and location, not in modern construction.

4. How does the "split" or detached garage affect usability?
A detached garage offers flexibility for use as a workshop or studio separate from the house but is less convenient for daily vehicle access in Winnipeg winters compared to an attached garage. It's a trade-off common for homes of this era.

5. Given the land value, is the $400k assessment a reliable indicator of market price?
Not necessarily. The assessment is for tax purposes and may not fully capture the premium value of such a large lot in this location. Market value will be driven by what buyers are willing to pay for the rare land opportunity, potentially significantly above the assessed value.