Property Overview: 69 Stockdale Street, Varsity View, Winnipeg
This 1974-built, single-story home sits on a generous 6,020 sqft lot in the established Varsity View neighbourhood. Its key appeal lies in the combination of a large, private yard and a fully finished basement, offering expanded living space beyond its 946 sqft main floor. The home features a split garage and ranks well for its lot size and age compared to local and city-wide averages. Its assessed value is $397,000.
Who It's For & Where the Appeal Lies
This property is a practical choice for first-time buyers, downsizers, or investors seeking a low-maintenance, single-level layout in a mature neighbourhood. Its primary strengths are the substantial, usable lot—a rarity in many urban areas—and the immediate move-in readiness provided by the finished basement. While the main floor living area is modest, the finished lower level effectively doubles the functional space. It suits someone who values private outdoor space over a large interior footprint and is comfortable with the maintenance considerations of a 50-year-old home. A thoughtful perspective is that this home offers "ground-floor equity"; the lot itself represents significant value in a sought-after area, presenting a solid foundation for future appreciation or potential expansion.
Frequently Asked Questions
1. How does the finished basement add to the living space?
The finished basement effectively expands the home's usable square footage, providing crucial extra space for a family room, home office, or additional bedrooms that the main floor may not accommodate. It adds significant functional value to the property.
2. What does the lot size ranking actually mean?
The ranking indicates this 6,020 sqft lot is larger than 69% of all residential lots in Winnipeg, placing it in the top third. In practical terms, this means exceptional outdoor space for gardening, recreation, or entertaining compared to many newer properties.
3. Is the 1974 build year a concern?
While the home is 50 years old, its ranking shows it is newer than 76% of other houses on its street and 54% city-wide, meaning it's in a neighbourhood of similarly aged or older homes. A pre-purchase inspection is essential to understand the condition of major systems like roof, plumbing, and wiring.
4. The home seems smaller than others in the area. Is that accurate?
Yes, with 946 sqft of main floor living area, it is more compact than many houses in Varsity View. This is reflected in its rankings, where it surpasses only 24% of Winnipeg homes by size. The appeal here trades sheer interior volume for a larger lot and a fully developed lower level.
5. How should I interpret the past sale price from 2016?
The 2016 sale at $295,000 provides historical context, showing market movement over eight years. The current assessed value of $397,000 suggests appreciation, but the final market price will be determined by current conditions, the home's specific state, and buyer demand.