81 Stockdale Street

Property Overview: 81 Stockdale Street

Section 1: Key Characteristics & Appeal

This well-situated Varsity View bungalow offers a classic, low-maintenance layout on a generous, mature lot. Its key characteristics include a 1974 build, 1,176 sqft of living space, an unfinished basement, and an attached garage. The nearly 6,000 sqft lot provides ample outdoor space in a central neighbourhood.

The primary appeal lies in its location within a sought-after, established community and the solid foundation it presents. The home suits two main types of buyers: first, those seeking a functional starter home with the potential to customize and finish the basement for added space over time. Second, it appeals to downsizers or investors looking for a manageable, single-story property in a prime area with a strong lot value. A thoughtful perspective is that while its current finishes may be dated, its rankings show it outperforms most of Winnipeg for lot size and is newer than over half the city's homes, suggesting the underlying asset—the land and structure—is in a competitive position. The 2021 sale price above the current assessed value may indicate a motivated seller or a market adjustment, representing a potential entry point.

Section 2: Frequently Asked Questions

1. What is the true condition of the home?
The listing confirms the basement is unfinished. Given the home's age (built in 1974), buyers should budget for potential updates to major systems (like roof, windows, HVAC) and interior finishes, which is typical for homes of this vintage.

2. How does the lot size compare to others?
At 5,866 sqft, the lot is a significant feature. It ranks in the top 36% for size across all of Winnipeg, meaning it's larger than most city lots and offers excellent outdoor potential.

3. Is the price fair based on recent history?
The property last sold for $355,000 in August 2021 and is now assessed at $331,000. This difference could be due to market conditions, assessment methodology, or the property's state, and should be explored with a local agent.

4. Who would this neighbourhood suit?
Varsity View is ideal for those valuing proximity to the University of Manitoba, major routes, and established community amenities. It's perfect for academics, students, or families wanting a central location.

5. What are the immediate costs or projects?
Beyond the unfinished basement, the rankings indicate the home's living space is average for the area but smaller than many on its street. Prioritizing updates to the main floor or planning a basement development would be key to maximizing its value and livability.