Property Overview

This one-storey home at 283 Duffield Street in Winnipeg's Deer Lodge neighbourhood presents a specific and compelling value proposition. Its key appeal lies in the significant contrast between its modest physical footprint and its strong assessed and market value. With 972 sqft of living space, the house is notably smaller than most comparable homes in the area, which may appeal to those seeking a simpler, lower-maintenance layout without sacrificing lot size. The property sits on a roughly 5,600 sqft lot, which is standard for the area and offers good outdoor potential. A detached garage and a renovated basement add practical value.

The home’s standout characteristic is its financial profile. It commands an assessed value that ranks in the top tiers for both its street and the wider Deer Lodge area, a trend confirmed by its recent sale price. This suggests buyers are paying a premium for the location, the lot, or the home's condition and updates, rather than pure square footage. It would suit a value-conscious buyer who prioritizes location and land over interior size, such as a small household, a first-time buyer comfortable with a cozy layout, or an investor attracted by the strong valuation metrics in a stable neighbourhood.

Frequently Asked Questions

1. Is the house too small for a family?
At 972 sqft, it is certainly compact for a one-storey layout. It would best suit a small or single-person household. The renovated basement provides crucial additional space for storage, a recreation room, or a home office, which helps offset the main floor's size.

2. Why is the assessed value so high relative to its size?
The high ranking for assessed value on the street and in Deer Lodge indicates that municipal assessment sees substantial value here, likely derived from the desirable location, the lot itself, the recent sale price, and the quality of renovations (like the basement). It's valued for more than just its square footage.

3. What does the "below average" living area ranking mean practically?
This statistical ranking confirms that most homes used for comparison are larger. For you, it means the interior living space will be cozy and efficient. It's a trade-off: you may get a desirable location and lot for a price point that larger homes in the same area would exceed.

4. How does the lot size compare?
At 5,598 sqft, the land area is very typical for Deer Lodge. It's not an exceptionally large lot, but it is perfectly standard and provides good yard space for gardening, recreation, or future additions like a deck or shed.

5. The home was built in 1949. What should I expect?
While older, the data shows it is actually newer than many homes on its street and in Deer Lodge. Buyers should still budget for age-related maintenance common to houses of this era, but the renovated basement suggests some updates have already been made. A thorough inspection is always recommended.