67 Bramble Drive

Property Summary: 67 Bramble Drive, Varsity View, Winnipeg

Section 1: Key Characteristics & Appeal

This 1990-built, single-story home in Varsity View offers a compelling blend of space, location, and value. Its key characteristics include a generous 2,490 sqft of living space, a fully finished basement, and a large 8,035 sqft lot, all situated on a quiet street. The home's standout appeal lies in its exceptional rankings within its community and across Winnipeg: it places in the top 11% for lot size, the top 3% for living area, and the top 2% for assessed value, indicating a property that significantly outperforms most peers in terms of scale and municipal valuation.

This property would suit buyers looking for established, spacious living without the maintenance of an older character home. It’s ideal for those who prioritize room to grow or work from home, thanks to the finished basement and expansive layout. The strong performance metrics suggest it's a solid, above-average asset in the Winnipeg market, appealing to value-conscious buyers seeking a home with proven "bones" in a desirable neighbourhood. A less obvious perspective is its potential for someone valuing long-term stability over trendiness; as a home from the 1990s on a large lot, it may offer simpler renovation opportunities compared to much older properties, while already providing ample modern space.

Section 2: Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this home against others on its street, in Varsity View, and across all of Winnipeg for specific metrics like lot size and living area. For example, being in the "top 3%" for living area in Winnipeg means 97% of homes in the city are smaller. This data highlights where the property excels relative to the market.

2. The home was built in 1990. Are there any major component concerns?
A 36-year-old home means major systems like the roof, windows, furnace, and water heater are likely at or beyond their typical lifespans. A thorough inspection is crucial to understand the condition and remaining service life of these components, which is a key consideration for maintenance budgeting.

3. How does the 2017 sale price compare to the current assessment?
The home sold for $600,000 in July 2017. The current assessed value is $826,000. This increase reflects market changes over seven years and the city's valuation for tax purposes. It's important to note that assessed value is not market value, but the significant jump indicates strong perceived value growth in the area.

4. Is the large lot mostly usable space?
At over 8,000 sqft, the lot offers substantial outdoor space. Buyers should view the property to determine the layout, sun exposure, and how much of the yard is practical, level backyard versus frontage or side yards, to gauge its utility for gardening, recreation, or future expansion.

5. What is the significance of it being a "one storey" in this context?
The single-story design on a large lot is a key feature. It offers the convenience of all living space on one level, which can be a major appeal for a wide range of buyers, from young families to those planning for long-term accessibility. This style often comes at a premium in established neighbourhoods.