125 Stockdale Street

Property Overview

125 Stockdale Street is a well-established bi-level home in Winnipeg's Varsity View neighbourhood. Built in 1974, it sits on a large, 6,628 sqft lot, offering more outdoor space than many city properties. The home features 1,179 sqft of living space and includes a finished basement. It does not have a garage or pool. The property's assessed value is $376,000.

Key Characteristics & Appeal

This home’s primary appeal lies in its location and lot size within a mature, central neighbourhood. The expansive yard is a significant asset for gardening, recreation, or future expansion. As a bi-level, it offers a practical layout that separates living and sleeping areas across two main levels, with the finished basement adding flexible space for a family room, office, or guests.

Its competitive rankings are noteworthy: the property ranks in the top 20% city-wide for lot size and overall value, suggesting it is a substantial property for its price point within Winnipeg. However, its living space is more average in comparison to neighbours. This creates an interesting profile: you are purchasing a premium-sized parcel of land with a modest, functional home on it.

The home would suit first-time buyers or downsizers looking for a solid entry into a desirable, established neighbourhood without a premium price for a large house. It’s also a candidate for buyers with a long-term vision who value outdoor space over immediate square footage, as the large lot presents future potential.

Potential Buyer FAQs

1. What are the real advantages of such a large lot?
   Beyond simple yard space, a lot of this size in a central neighbourhood offers long-term flexibility. It provides privacy, room for additions like a shed or deck, and is a scarce commodity that tends to hold intrinsic value.

2. How does the "bi-level" layout function in daily life?
   Bi-levels typically have a short flight of stairs to the main living area (kitchen, living room) and another short flight down to the bedrooms. This offers good separation but means some stair use is constant. It's efficient but may not suit those seeking single-level living.

3. The home ranks highly for lot size but lower for living area. What does this mean?
   This indicates you're investing significantly in the land itself. The house is functionally sized, but the property's standout feature is the outdoor space and location. It's a balance of a moderate home on a premium lot.

4. Is the lack of a garage a major drawback?
   In Winnipeg's climate, it is a consideration for many. Buyers would need to budget for alternative parking and winter vehicle preparation, or consider the feasibility of adding a garage or carport in the future, for which the lot has ample space.

5. The house is over 50 years old. What should I focus on during an inspection?
   Key systems for a home of this age include the roof, foundation, plumbing, and electrical wiring. The inspection should also closely examine the finished basement for any signs of moisture or past water issues, which are common in older bi-levels.