310 Mclean Street

Property Overview: 310 McLean Street, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a well-established, single-storey home on a generous 5,381 sqft lot in the Varsity View neighbourhood. Built in 1970, its primary appeal lies in its solid foundation, a fully finished basement, and the significant potential offered by its large, private yard—a rarity in the city core. With 872 sqft of living space, it is a compact and manageable bungalow.

Its appeal is grounded in practicality and location. It suits first-time buyers looking for an entry point into a desirable, central neighbourhood, or investors seeking a property with good land value and renovation potential. The home’s rankings suggest it is a competitively priced option within its immediate area, offering more space than many Winnipeg homes but presenting as a project for someone ready to update a solid structure. A thoughtful perspective is that this property represents a balance: it provides the stability of an older, settled community without the premium price tag of a newly renovated home, making it ideal for buyers who value land size and location over turn-key perfection.

Potential Buyer FAQs

1. What is the neighbourhood like? Varsity View is a mature, central neighbourhood known for its proximity to the University of Manitoba, offering a mix of academic professionals, families, and long-term residents. It features established trees, quiet streets, and convenient access to amenities.
2. Is the basement a legal suite? The listing notes a finished basement, but it does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes if considering rental income.
3. What is the condition of the major systems? Given the home's age (56 years), it is prudent to inquire about the age and condition of the roof, wiring, plumbing, and heating system during an inspection.
4. Why is there no garage? Many older homes in central neighbourhoods were built without garages. The large lot size may provide the opportunity to add one, subject to municipal bylaws and permitting.
5. How does the assessment value relate to the listing price? The municipal assessment is $301,000, which is used for calculating property taxes. The listing price may differ based on market conditions, recent upgrades, and seller motivation. It serves as a useful benchmark but not a direct determinant of market value.