248 Alcrest Drive

Property Overview & Key Characteristics

This Varsity View home presents a unique blend of established neighborhood character and significant property scale. Its primary appeal lies in the exceptionally large, half-acre lot (22,679 sqft), which places it in the top tier of properties in Winnipeg for land size. The house itself is a 1,745 sqft two-storey with an unfinished basement, built in 1985, offering a functional layout with room for personalization. A split garage provides practical storage.

The property suits buyers who prioritize outdoor space and long-term potential over immediate turn-key luxury. It's ideal for someone seeking a private, expansive yard for gardens, recreation, or future additions in a well-regarded, central neighborhood. It also appeals to value-driven buyers looking for a home where the core asset—the land—is substantial, allowing the interior to be updated over time to their own taste. A less obvious perspective is that a lot of this size in a mature area offers a rare sense of privacy and buffer not commonly found within the city, which can be a significant long-term luxury.

Frequently Asked Questions

1. What does the "unfinished basement" entail?
It means the basement space is roughed-in but not developed into living space. It provides ample storage and houses mechanical systems, offering a blank canvas for future expansion, subject to permits and investment.

2. The house ranks lower for its "newness" than for its lot size. What should I consider?
Built in 1985, the home is well into its lifecycle. Buyers should budget for updates to major aging components like the roof, windows, or HVAC systems, and view the interior as ripe for modernization. The value proposition here is the land, with the house offering solid fundamentals.

3. How does the split garage differ from a double attached garage?
A split garage typically refers to a detached or semi-detached structure with two separate single-door openings. It offers good storage and workshop space but lacks the direct, interior access to the house that an attached garage provides.

4. The lot is large, but what is the actual upkeep like?
Maintaining nearly half an acre is a commitment. Consider the time and cost for lawn care, landscaping, snow clearing on a large driveway, and general groundskeeping. This is a key factor for owners who enjoy gardening or outdoor projects, but a potential burden for those seeking low-maintenance living.

5. The assessment value is noted, but how does it relate to the listing price?
The municipal assessment ($539,000) is for tax purposes and reflects a mass-appraisal model from a prior date. The listing price is set by the seller based on current market conditions. The assessment is a useful benchmark, but the final sale price is determined by what buyers are willing to pay in the present market.