Property Overview: 85 Stockdale Street
Key Characteristics & Appeal
This single-storey home in Varsity View offers a practical and low-maintenance living arrangement on a surprisingly large, 5,866 sqft lot. Built in 2003, its key appeal lies in being a relatively modern property (newer than over 80% of Winnipeg homes) that requires less immediate upkeep than an older character home. The fully finished basement adds valuable living space to the 1,072 sqft main floor. While it lacks a garage, the expansive lot presents a clear opportunity for addition or landscaping.
Its strongest suit is balance: it provides modern systems and a manageable footprint without the premium price of a brand-new build. The property ranks highly for its lot size and age within its immediate area, suggesting it's a solid, above-average offering in the neighbourhood. This home would suit first-time buyers seeking a move-in-ready property, downsizers looking for single-level living without sacrificing yard space, or investors attracted by the modern build date and the potential of the large lot for future value addition.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Varsity View, and across all of Winnipeg for specific metrics. For example, being newer than 91% of homes in the community is a strong indicator of reduced near-term repair costs, while the lot size ranking highlights the property's potential relative to its neighbours.
2. Is the lack of a garage a significant drawback?
For some buyers, yes. However, the large lot provides ample space to add a garage or carport, which could be seen as a value-add project rather than a strict limitation. Street parking is also typical for the area.
3. Who might find the finished basement most valuable?
Beyond extra living space, it's particularly useful for families needing a separate rec room or play area, or for creating a dedicated home office or guest suite without cluttering the main floor.
4. How does the assessment value relate to the likely selling price?
The municipal assessment of $426,000 is a benchmark for property taxes, not a market price. It indicates the home is valued above average for Winnipeg (top 30%), but the final sale price will be determined by current market conditions, the home's condition, and buyer demand.
5. What is the less obvious appeal of a 2003 build date?
Homes from this era often benefit from modern building codes and materials, potentially offering better energy efficiency and wiring for technology than older homes, while having established landscaping and settled foundations that can sometimes be issues in very new constructions.