Property Overview: 337 Lynbrook Drive

Key Characteristics, Appeal & Target Buyer

This is a well-situated, classic one-storey home in Varsity View, built in 1958. Its primary appeal lies in its generous, mature lot of over 11,500 sqft, which ranks in the top tier for size both within its immediate neighborhood and across Winnipeg. The home itself offers 997 sqft of living space with a finished basement and a detached garage. While the house is of average size for the area, the property's standout feature is its land, offering significant space and privacy that is increasingly rare in established communities.

The home suits two main types of buyers. First, it's ideal for those seeking a solid entry point into a desirable neighborhood, willing to live with the existing floor plan or envision a future renovation or expansion project, potentially leveraging the large lot. Second, it appeals to buyers who prioritize outdoor space for gardens, play, or quiet enjoyment over a larger interior footprint. A thoughtful perspective is that this property represents a balance: you are acquiring a premium asset (the land) in a top-ranked location, paired with a modest, functional dwelling. This creates a foundation with long-term value, whether through personal enjoyment of the space or future redevelopment potential.

Frequently Asked Questions

1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg for specific metrics. For example, its land size is in the top 4% city-wide, meaning it's larger than 96% of Winnipeg lots. Conversely, its living area is smaller than about 71% of city homes, providing clear context on its strengths and trade-offs.

2. Is the house in original condition?
The listing notes a finished basement but does not specify recent major renovations to the main floor. Given its 1958 build date, buyers should anticipate characteristics of its era and budget for potential updates to systems, kitchen, or bathrooms.

3. How does the 2020 sale price relate to the current assessed value?
The home sold for $337,000 in late 2020 and is now assessed at $391,000. This reflects market appreciation over the period, but the final sale price will be determined by current market conditions.

4. What are the advantages of a large lot like this?
Beyond privacy and space, a lot of this size (approx. 0.265 acres) offers flexibility. It allows for additions, the potential for a future garage or workshop, extensive landscaping, or simply abundant green space. It's a long-term asset that often appreciates independently of the house itself.

5. What should I consider about a one-storey home from 1958?
The bungalow style offers main-floor living, which can be appealing. Key considerations include the efficiency of the existing floor plan for modern living, the condition of the roof, windows, and foundation, and ensuring that heating, electrical, and insulation have been adequately updated over the years.