Property Overview: 77 Stockdale Street, Varsity View, Winnipeg
This 1974-built, one-storey home on a large, 5,867 sqft lot presents a classic Winnipeg opportunity. Its key appeal lies in its balance of space, location, and potential. The 1,190 sqft living area is functional, but the true standout is the generous, unbroken lot—a canvas for gardening, play, or future expansion. Located in the established Varsity View neighbourhood, it offers proximity to the University of Manitoba, making it highly convenient.
The home suits specific buyers: first-time purchasers seeking an entry into a desirable area, value-oriented investors looking for a property with strong reno-and-hold potential, or downsizers who prize a single-level layout and a large, manageable yard. Its unfinished basement adds to its flexibility, allowing for customization according to need and budget.
A few thoughtful considerations: while the home ranks average in size and age for its community, its assessed value is notably lower than most on its street, which could signal an opportunity for equity growth through updates. The lot size is a significant asset in a mature neighbourhood where such large parcels are increasingly rare.
Frequently Asked Questions
1. What is the true potential of the unfinished basement?
The basement provides essential mechanical space and significant storage. It’s a blank slate for future development, such as a recreation room, additional bedrooms, or a rental suite (subject to city permits and regulations), which could substantially increase the home’s livable space and value.
2. How does the lot size compare to others in the area?
At nearly 6,000 sqft, the lot is substantially larger than many in Winnipeg and ranks highly for its size. This offers more privacy, outdoor space, and future possibilities than a standard lot.
3. The home was built in 1974. What should I be aware of?
As a home from the 1970s, a thorough inspection is crucial. Key focus areas would include the condition of the roof, windows, plumbing, electrical systems, and insulation to understand any immediate or near-future maintenance requirements.
4. Who would this property not be suitable for?
It may not suit buyers seeking a modern, move-in-ready home without any projects, or those who require immediate garage parking. The need for some updates and the lack of a built-in garage are important trade-offs for the price and location.
5. What is the significance of the provided rankings?
The rankings compare this property to others on its street, in Varsity View, and across all of Winnipeg for metrics like size, age, and assessed value. They show, for instance, that while the house itself is average for the community, its lot is very large, and its assessed value is low for its immediate street—context that can help identify value.