Property Overview: 24 Deer Lodge Place, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Bruce Park is defined by its generous, above-average lot size of nearly 7,500 sqft, offering significant outdoor space that is rare citywide. Built in 1918, it is a character home with a renovated basement, presenting a blend of historic charm and updated utility. The living area is modest and in line with typical neighbourhood sizes, suggesting a home focused on efficient living space rather than grandeur.

Its primary appeal lies in the land itself—a substantial, private yard in a well-established area—coupled with the value proposition of a lower assessed value relative to many immediate neighbours. This combination makes it a compelling canvas for buyers. It would suit a practical buyer looking for a character home with room to grow outdoors, an investor or homeowner comfortable with the upkeep of an older structure, or someone seeking a land-value opportunity in Bruce Park where the potential of the property may outweigh the current footprint of the home.

Section 2: Frequently Asked Questions

1. What does the "below average" assessed value indicate?
It primarily suggests the city's assessment of this property is lower than many on its street and in its immediate area. This can be due to the older age of the home, the modest living area, or the specific valuation model. It does not necessarily reflect market sale price, but it often correlates with a relatively lower property tax burden.

2. Is the older year built (1918) a concern?
It signifies a character home that will likely have the quirks and maintenance considerations of its era. While the basement has been renovated, prospective buyers should prioritize a thorough inspection to understand the condition of core systems like plumbing, electrical, and the foundation.

3. How does the lot size compare in practice?
At 7,499 sqft, the lot is significantly larger than the Winnipeg average. On Deer Lodge Place, it's around the middle of the pack, but within the broader Bruce Park neighbourhood and citywide, it ranks well above average. This means more yard space for gardens, recreation, or future additions compared to most properties.

4. What is the context of the last sale price?
The home sold for $32,500 in November 2020. This historical price point strongly indicates it was likely a distressed sale, estate sale, or sold in as-is condition, and is not a direct indicator of current market value. It does, however, highlight a potentially significant value adjustment over time.

5. Who might this property not suit?
It may not be ideal for buyers seeking a modern, low-maintenance turnkey home, as an older property requires more active stewardship. Those needing extensive living space all on one level may find the ~1,400 sqft layout limiting, as the floorplan would need to be evaluated for functionality.