261 Alcrest Drive

Property Overview & Key Characteristics

This is a spacious, well-established single-family home in Winnipeg's Varsity View neighbourhood. Its primary appeal lies in its generous 12,038 sqft lot, which is significantly larger than most, placing it in the top 4% of all properties in Winnipeg for land size. The home itself is a one-storey bungalow with 1,458 sqft of living space and a finished basement, built in 1961. It features a split garage and no pool.

The property suits buyers looking for land potential and space in a mature, central community. It’s ideal for someone who values a large, private yard over a newer home, or for a buyer with future plans to expand or redevelop the existing structure. The rankings suggest it competes very well within its immediate area for lot size and living space, though it is an older build. This would appeal to a practical buyer who sees the inherent value in the land and the solid foundation of a maintained, older character home, rather than someone seeking modern finishes and open-concept layouts.

Frequently Asked Questions

1. What does the lot size ranking actually mean?
The ranking indicates that this property's lot is larger than 96% of all residential properties in Winnipeg, making it a truly standout feature for its space and potential.

2. The house was built in 1961. What should I consider?
While the structure is solid and well-ranked for its living area, a home of this age will likely have original or older major systems (like plumbing, electrical, and the roof). A thorough inspection is essential to understand the condition and any upcoming maintenance.

3. How does the finished basement add value?
It provides additional flexible living space, which is a significant asset. However, the quality and legality of the finish should be verified, as standards and permits have evolved since the home was built.

4. The assessment value is $438,000. Is that the sale price?
No. The municipal assessment is for taxation purposes and often differs from market value. The sale price will be determined by current market conditions, buyer demand, and the property's specific appeal.

5. Who would this property not suit?
It may not be the best fit for buyers wanting a move-in-ready, modern home without any renovation projects, or for those who prefer low-maintenance, newer properties. The appeal here is grounded in space, location, and long-term potential rather than immediate contemporary luxury.