412 Chalfont Road

Property Overview & Appeal

This home is defined by its exceptional, oversized lot—over 33,000 square feet—which is its most compelling feature, placing it in the top 1% of properties in Varsity View and all of Winnipeg for land size. The house itself is a classic 1947 one-and-a-half storey with a finished basement and detached garage, offering 1,169 sqft of living space. Its appeal lies in the rare opportunity to own a vast, private canvas in a mature, central neighbourhood. While the house is older and modest in size relative to the land, it presents a clear value proposition: the land itself represents significant long-term equity and potential.

This property would perfectly suit a buyer with a vision, whether that's enjoying immense garden space, future expansion, or redevelopment. It’s ideal for someone who values outdoor privacy and space over a modern, turn-key home. It could also appeal to an investor or builder who recognizes the underlying value of the lot in a prestigious location.

Frequently Asked Questions

1. What does the lot size actually allow for?
Beyond gardening, a lot of this scale in a central neighbourhood is uncommon. It provides exceptional privacy, room for additions like a large workshop or studio, and significant potential for future landscaping or even subdivision, subject to city zoning approvals.

2. The house is older—what should I budget for immediately?
Given its age (built 1947), a thorough inspection is crucial. While the basement is finished, you should prioritize checking the foundational health, roof condition, and updating any original plumbing or electrical systems to meet modern standards.

3. How do the rankings (e.g., "top 1%") impact value?
These rankings highlight the property's greatest strength: its land. Being in the top 1% for lot size in a desirable area strongly supports the price and indicates resilience in market value. The lower rankings for the building's age and size reflect the trade-off for that land.

4. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value ($407,000) is for municipal tax purposes. In a case like this, the market price is heavily influenced by the premium for the rare lot size, which may not be fully reflected in the standard assessment model.

5. What is the neighbourhood character of Varsity View?
Varsity View is a mature, established neighbourhood near the University of Manitoba. It offers a quiet, leafy atmosphere with a mix of older character homes and newer infill developments, appealing to academics, families, and professionals seeking a central location.