Property Overview: 89 Stockdale Street, Varsity View, Winnipeg
This 1974-built, single-storey home sits on a generous 5,866 sqft lot in the established Varsity View neighbourhood. Its key appeal lies in a combination of space, location, and value. With 1,504 sqft of living area and a finished basement, it offers practical, single-level living. The property's standout characteristic is its land size, which is notably larger than most in the area, providing ample outdoor potential. While it lacks a garage or pool, its value is reflected in its assessment and competitive ranking against city-wide averages for size and worth. The home suits first-time buyers seeking a solid entry into a desirable neighbourhood, downsizers looking for manageable single-level space without sacrificing yard size, or value-oriented investors attracted by the lot's inherent potential in a central location close to the University of Manitoba.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, family-friendly community known for its proximity to the University of Manitoba, offering a mix of academic staff, families, and long-term residents. It features quiet, tree-lined streets and convenient access to amenities.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
3. What are the implications of no garage?
The lack of a garage means relying on street parking or the potential cost of adding a structure. However, the large lot provides clear space for adding a garage or shed, which is a valuable option not always available in older neighbourhoods.
4. How does the 1974 build year affect the home?
Homes from this era may have original components, like windows, roof, or plumbing, nearing the end of their lifespan. A thorough inspection is crucial, but this also presents an opportunity to upgrade systems to personal standards over time.
5. What is the true value of the large lot?
Beyond simple outdoor space, the lot size is a strategic asset. It offers superior privacy and room for expansions like a large deck, garden, or addition. In the long term, it represents underlying land value that often appreciates independently of the house itself.