Property Summary: 256 Alcrest Drive

Key Characteristics & Appeal

This is a well-established bi-level home on an exceptionally large, mature lot in the sought-after Varsity View neighborhood. Its primary appeal lies in the rare combination of a generous 17,417 sqft property—ranking in the top 4% of the community for size—with a functional and updated living space. The home features a finished basement, a split garage, and over 1,000 sqft of living area.

The property suits two main types of buyers. First, it's ideal for those seeking long-term potential; the vast, private yard is a blank canvas for extensive landscaping, gardening, or future expansion. Second, it fits buyers who value a prime location within a mature community but are comfortable with a home whose interior size is modest relative to its land. The rankings indicate a property that trades sheer square footage for outdoor space and location prestige. It’s a home where the land is the central asset, offering a sense of space and tranquility uncommon so close to the university.

Frequently Asked Questions

1. What does the "bi-level" design mean for daily living?
A bi-level typically features a short flight of stairs to the main living area (often containing the kitchen, living room, and bedrooms) and another short flight down to a lower-level family room and utilities. It offers good separation of space but involves more stairs than a bungalow.

2. The house was built in 1967. What should I consider?
While systems like roof, windows, and mechanicals may have been updated over time, a home of this age warrants a thorough inspection to assess the condition of its original structure and components. Its excellent lot ranking but middling age ranking suggests the value is more in the land than a modern build.

3. How does the large lot impact maintenance and costs?
A lot of this size requires more time and resources for lawn care, gardening, and snow clearing than a standard property. However, it also provides significant privacy and space that is no longer commonly available in established neighborhoods.

4. The assessment value is noted. How does this relate to the listing price?
The municipal assessment is for taxation purposes and provides a benchmark. The market price is determined by current buyer demand, recent sales of comparable properties, and the home's specific condition, which may differ significantly from the assessed value.

5. What are the advantages of the Varsity View location?
This neighborhood is highly desirable due to its proximity to the University of Manitoba, offering convenience for staff, students, or those who appreciate the nearby amenities, green spaces, and established community feel. The property's high community rankings confirm its standing within this area.