Property Overview: 265 Guildford Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Deer Lodge presents a distinct profile. Built in 1950, it is notably newer than most homes on its street and in the wider neighbourhood, offering a potential advantage in terms of building materials and systems for its era. With 1,495 sqft of living space, it provides above-average roominess for the area. The lot size is standard for Deer Lodge, fitting the established community feel.

The primary appeal lies in its value proposition. The home’s assessed value is significantly below the average for Guildford Street and Winnipeg overall, suggesting a potentially accessible entry point into a mature neighbourhood. This combination of a newer-build (for the area), good interior space, and a lower valuation creates an opportunity for buyers looking for a solid foundation. It would suit a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who is comfortable with a home that has a functional but unrenovated basement and sees potential in a property where the value is in the structure and location rather than in modern finishes. The appeal is for those who prioritize space and lot location over turn-key condition, viewing it as a canvas for gradual improvement.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring homes?
While the exact methodology is not public, assessed value is based on mass appraisal and recent sales. A lower assessment can reflect the home’s specific condition, layout, or features compared to updated homes on the street, but it also results in a correspondingly lower property tax burden.

2. What does "basement yes, not renovated" typically mean?
This indicates the home has a full basement, likely used for utilities, storage, and potentially laundry. It is in functional, original condition without finished living spaces like a rec room or modern bathroom, representing both a project opportunity and a space for mechanical systems.

3. Is the 1950 build date an advantage?
In this context, yes. Being built in 1950 makes it one of the newer homes in Deer Lodge. This may mean construction techniques and wiring are more modern than those of the 1920s-1930s homes common in the area, though it still predates many contemporary building standards.

4. What is the neighbourhood of Deer Lodge like?
Deer Lodge is a long-established, quiet residential neighbourhood in Winnipeg. It features tree-lined streets, a mix of older home styles, and local amenities like parks and schools, offering a settled, community-oriented atmosphere.

5. How significant is the lack of a garage?
The home has no garage, which is common for many older Winnipeg properties. Buyers should plan for on-street parking or consider the cost and feasibility of adding a driveway or garage, subject to local bylaws. This is a key practical consideration for vehicle storage.