You should be able to completely rebuild the existing manifold with new valves and seats. Identify the brand (may be on the valves, if not, take them into a plumbing supply place or do some more Google-fu). Often the brand will be cast into the manifold as well.
If it's original, it will probably be an old American brand that you can still get parts for. If it's a Gerber, say, you can get a complete kit with new valves, seats, handles, trim and faucet for about $40. I just did this at one of my houses.
Cut the water off, the valves just unscrew (often with a big socket style tool you can buy cheaply at the hardware store). Behind the valves in the manifold, there are usually brass seats that also unscrew, this time with a specialized seat tool (basically an "L" shaped steel piece with a tapered square end that fits into the seat). Put your new parts in, enjoy leak free plumbing and a sense of badassity. :-)