Property Overview

This 1979 one-storey home in Varsity View offers a practical, low-maintenance layout on a generous 5,645 sqft lot. Its key appeal lies in its balance of space and simplicity. The 1,140 sqft living area, with a finished basement, provides room to grow without being overwhelming. The property sits in a solid middle ground for the area—its lot size, age, and assessed value consistently rank above average for Winnipeg and competitive within the neighbourhood. This suggests a well-established, stable setting. The split garage adds functional utility.

It’s an ideal match for first-time buyers or downsizers seeking a manageable single-level floorplan in a mature community. The large lot is a standout asset, offering potential for gardening, expansion, or simply more private outdoor space than is typical. Buyers who value a home that is financially sensible—with assessment rankings suggesting good value relative to the broader city—over one that is newly renovated will find this compelling.

Key Questions for Consideration

1. What does the "finished basement" entail? Given the home's era and footprint, understanding the basement's ceiling height, layout, and finish quality is crucial, as it significantly contributes to the livable space.
2. How does the split garage configuration function? It's important to clarify the dimensions and access (e.g., is it a true two-car width with separate doors, or a tandem style?) to assess vehicle and storage needs.
3. What is the condition of major systems? The home is 47 years old; inquiring about the roof, windows, heating, and electrical systems will help gauge upcoming capital expenses.
4. Why does the lot size rank so highly compared to other metrics? The lot is notably larger than over 70% of others on the street. This is a major advantage, but it may mean a greater portion of the property's value is in the land itself.
5. How does the assessed value translate to the listing price? With an assessed value of $403,000 ranking higher than the home's size and age metrics, understanding the seller's pricing strategy relative to this government assessment will be key for valuation.