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389 Lynbrook Drive

Varsity View

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Basic Info

Basement
Yes, renovated
Pool
No
Garage
Detached
Building Type
ONE STOREY
Land Area
7,364 sqft

Rank by area, larger = better rank

StreetTop 64% in same street
Top 36%31/85
NeighbourhoodTop 55% in neighbourhood
Top 45%382/848
WinnipegTop 86% in Winnipeg
Top 14%27658/194588
Year Built
197848 years ago

Rank by year, newer = better rank

StreetTop 74% in same street
Top 26%22/85
NeighbourhoodTop 65% in neighbourhood
Top 35%326/924
WinnipegTop 61% in Winnipeg
Top 39%86101/221429
Living Area
1,327 sqft
StreetTop 68% in same street
Top 32%27/85
NeighbourhoodTop 59% in neighbourhood
Top 41%379/924
WinnipegTop 63% in Winnipeg
Top 37%82328/221429
Assessed Value
43.10k
StreetTop 71% in same street
Top 29%25/85
NeighbourhoodTop 61% in neighbourhood
Top 39%360/924
WinnipegTop 71% in Winnipeg
Top 29%63603/221429

Summary

Property Overview

This 1978 one-storey home in Varsity View offers a practical and spacious family living environment on a large, quiet lot. Its primary appeal lies in the combination of a generous, landscaped yard (over 7,300 sq ft) and a fully finished basement, which together provide ample space for living and recreation. The home ranks consistently above average for its size, value, and lot dimensions within its established neighbourhood and across Winnipeg, indicating a solid, competitive offering. It would suit buyers looking for a move-in-ready, single-level layout in a mature community, particularly those who prioritize private outdoor space for gardening or children over a brand-new build. A thoughtful perspective is that while the home is nearly 50 years old, its strong rankings suggest it has been well-maintained and remains a relevant and desirable property in the area, offering character and space that can be harder to find in newer subdivisions.

Key Details & FAQs

Key Characteristics & Appeal:

  • Layout & Space: A one-storey (bungalow) design with 1,327 sq ft of living space, featuring a fully finished basement that significantly expands the usable area.
  • Lot: A standout feature is the large 7,364 sq ft lot, offering extensive outdoor privacy and potential.
  • Location: Situated in the established Varsity View neighbourhood, with its rankings showing it outperforms most homes locally in terms of lot size, living area, and assessed value.
  • Parking: Includes a split garage, providing flexible parking or storage options.
  • Ideal Buyer: Well-suited for downsizers, young families seeking a manageable single-level layout, or anyone valuing a large yard in a mature, central community.

Frequently Asked Questions:

1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, its lot size is larger than 86% of all homes in Winnipeg, and its assessed value is higher than 71% of Winnipeg homes, indicating it's a substantial property for its price range.

2. Is a 48-year-old home a concern?
While systems like roof, windows, and plumbing may need evaluation or updating, the home's strong market rankings suggest it has been maintained competitively. Its age also typically means a larger lot and more established neighbourhood character than newer builds.

3. What are the benefits of a fully finished basement?
It immediately adds livable space for a recreation room, home office, or guest area without the need for a renovation project, increasing the home's functional square footage.

4. What is a split garage?
A split garage is typically a double-width garage divided into two separate single-door bays. It can offer more flexible use, such as parking in one side and using the other for workshop or storage space.

5. Who might this home not suit?
It may not suit buyers seeking a modern, open-concept layout without any renovation work, or those who prefer a low-maintenance property with a very small yard.

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