Property Overview
133 Stockdale Street is a well-established, single-family home in Winnipeg's Varsity View neighbourhood. Built in 1974, this one-storey bungalow sits on a large, 6,625 sqft lot and features 1,322 sqft of living space, a finished basement, and an attached garage.
Key Characteristics & Appeal
This home’s primary appeal lies in its combination of space, location, and value within a mature, central community. The generous lot size is a standout feature, offering ample outdoor space that is increasingly rare for inner-city neighbourhoods. The home itself provides a practical, single-level layout complemented by the additional living area of a finished basement. Its rankings indicate a property that performs well city-wide, particularly in lot size (top 20% in Winnipeg) and assessed value (top 34%), suggesting a solid foundation of equity and desirability.
It would suit first-time buyers or downsizers looking for a manageable bungalow in a central location without a premium price point, as well as value-conscious investors or homeowners who prioritize land size over a recently built structure. A thoughtful perspective is the home’s potential as a long-term hold; the large lot in a sought-after area like Varsity View may offer future redevelopment or expansion opportunities that smaller parcels cannot. The 2022 sale price, notably lower than the current assessment, also indicates the owner may have gained significant equity in a short period, reflecting the area's market strength.
Frequently Asked Questions
1. How does the 2022 sale price compare to the current asking price?
The home sold for $260,000 in February 2022. The current assessed value is $403,000. This difference highlights market appreciation and is a key point for discussion with your real estate agent regarding the current listing price.
2. Is the neighbourhood family-friendly?
Varsity View is a central, mature neighbourhood near the University of Manitoba. It offers a mix of quiet, tree-lined streets with convenient access to amenities, schools, and parks, appealing to families, academics, and professionals.
3. What should I know about a home built in 1974?
While the structure is sound and the basement is finished, a home of this age will likely have original or older components (like roofing, windows, or major systems). A thorough home inspection is essential to understand the condition and any upcoming maintenance.
4. How does the lot size benefit me?
At 6,625 sqft, the lot is larger than 80% of properties in Winnipeg. This provides exceptional private outdoor space for gardening, recreation, or pets, and contributes significantly to the property's long-term value.
5. The home ranks lower within its own community for size and value. Is this a concern?
Not necessarily. It ranks in the top half of the community for living area and value. The lower community ranking (e.g., 53rd percentile for value) reflects Varsity View's mix of larger, higher-value homes. The stronger city-wide rankings confirm its overall market competitiveness.