326 Mclean Street

Property Summary: 326 McLean Street, Varsity View, Winnipeg

Section 1: Key Characteristics & Appeal

This is a well-maintained 1982 three-level split home on a spacious 5,380 sqft lot in the established Varsity View neighbourhood. With 1,032 sqft of living space and a finished basement, it offers practical, multi-level living. The home’s key appeal lies in its balance of a generous, private yard—a rarity in central areas—and its solid position in a mature, family-friendly community close to the University of Manitoba.

The data reveals a home that performs consistently well against its local peers. It ranks highly for its lot size and relative newness within its immediate street and wider community, suggesting a property that holds intrinsic value in its location and land. Its 2021 sale price exceeded both its current assessment and the community average at the time, indicating a history of market competitiveness.

This property would suit first-time buyers or small families looking for a move-in-ready home with room to grow outdoors, without the premium of a brand-new build. It also appeals to the practical buyer who values the stability of an established neighbourhood over flashy updates, and who sees the long-term potential in a large lot.

Section 2: Frequently Asked Questions

1. What is the practical benefit of the high lot size ranking?
It means you own more land than most properties on your street and in Varsity View. This offers greater privacy, space for gardening or play, and future potential (like adding a garage or deck), which is a lasting value driver.

2. The home is older; should I be concerned?
The 1982 build year is actually newer than over two-thirds of the homes in the immediate area. While standard inspections are essential, this ranking suggests the home is relatively younger than its neighbourhood peers, which often means more modern wiring, plumbing, and insulation.

3. How should I interpret the 2021 sale price being higher than the current assessment?
This is common and reflects different valuation methods and market timing. The assessment is for municipal tax purposes. The 2021 sale demonstrates what a buyer was willing to pay in a recent market, providing a concrete benchmark of its market value.

4. Is the lack of a garage a significant drawback?
For some buyers, yes. However, the large lot provides ample space to add a garage or shed in the future, a valuable option many homes in older, denser neighbourhoods do not have. It’s a trade-off between immediate convenience and long-term potential.

5. What does the "3 Level Split" layout mean for daily living?
This design typically creates distinct living zones across slightly staggered levels, offering more privacy and noise separation than an open-concept bungalow. It’s efficient with space but involves more stairs. It’s ideal for those who like defined rooms over a single, open area.