Property Summary: 3724 Batchelor Avenue, Varsity View, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a 1980-built bi-level situated on a remarkably large, one-acre lot (45,593 sqft) in the established Varsity View neighborhood. Its primary appeal lies in the exceptional land size, which places it in the top 1% of properties locally, offering rare potential for privacy, expansion, or landscaping. With a finished basement and an attached garage, it provides functional living space of 1,192 sqft. The property is not about opulent finishes but about solid value and land ownership, having last sold for its current assessed value of $473,000 in early 2023.

This home would best suit a buyer who prioritizes land over square footage—perhaps a family seeking ample outdoor space, a hobbyist, or a long-term investor who recognizes the inherent value of such a large parcel in a mature city neighborhood. Its strong rankings for lot size and assessed value against local comparables suggest a property that holds its worth, appealing to the pragmatic buyer looking for a stable asset with unique upside not found in typical suburban lots.

Section 2: Frequently Asked Questions

1. What does "bi-level" mean for daily living?
A bi-level features two short sets of stairs, typically creating a clear separation between living areas (often upstairs) and sleeping areas (often downstairs). It’s efficient but means some level of stairs is involved in moving through the home.

2. The lot is huge. Are there any restrictions on how it can be used?
While offering great potential, all uses are subject to City of Winnipeg zoning bylaws. It’s essential to verify if plans for additions, secondary suites, or significant structures like large workshops are permitted before purchasing.

3. The home was built in 1980. What major systems might need attention?
Key components like the roof, windows, furnace, and major appliances are likely at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and budget for potential updates.

4. The assessment value and last sale price are identical. What does this indicate?
This typically suggests the municipal assessment closely aligns with the recent market value. It provides a benchmark for property taxes but does not guarantee the current listing or future sale price.

5. How does the large lot impact property taxes and maintenance?
Property taxes are partly based on assessed value, which is high for the area due to the land. Maintenance of a one-acre lot (mowing, landscaping, snow clearing) requires significantly more time, equipment, or cost than a standard city lot.