Good luck with acquisition of a large-sized Varsity. A varsity typically fits a rider well while riding if it seems to be too big while first standing and straddling the bike(!). The slack (70-degree) seat tube angle pulls a few cm of length out of the front end, and the bottom bracket is very high to accommodate novices riding around corners while pedaling.
Also, the (very) slack head tube angle limits the ability to get fitted using any stem longer than 90mm without also adding wider handlebars to maintain neutral steering behavior.

Here's a big picture or two. I added a longer 9cm stem and cut an inch off of each end of the handlebar to prevent my knees hitting the ends of the bars. I'm 5'9" and the frame size is 24" to the top of the seat tube clamp: