Property Overview: 287 Woodlawn Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1949, presents a solid, move-in-ready opportunity in the established Deer Lodge neighbourhood. Its key appeal lies in its balance of renovated readiness and a desirable location. The home features a renovated basement and a detached garage, with a living space of 1,333 sqft that is comfortably above average for the area. The data reveals a thoughtful perspective: while the lot size is more compact compared to others on the street, this often translates to lower maintenance, a valued feature for many modern buyers. The home’s assessed value ranks notably high within Deer Lodge itself, suggesting it is a well-regarded property in its immediate community.

This property would suit first-time buyers or downsizers seeking a character home without major immediate projects, thanks to the renovated basement. It also fits buyers who prioritize location and neighbourhood charm over having a large yard, and who appreciate the practical benefit of a detached garage for storage or projects.

Section 2: Frequently Asked Questions

1. How does the lot size impact the property?
While the land area is smaller than many on Woodlawn Street, the lot is still a generous city size. This often means less time spent on yard maintenance and more usable outdoor space, which can be a practical advantage.

2. What does the "above average" assessed value in Deer Lodge indicate?
Ranking in the top 8% for assessed value in the neighbourhood suggests the property is considered more valuable than most homes in Deer Lodge, likely due to its renovations, condition, or specific attributes. It’s a positive indicator of its standing within the local market.

3. Is the living space sufficient for a growing family?
At 1,333 sqft, the living area is above the neighbourhood average. For a one-and-a-half storey layout, this typically provides good space for a small to medium-sized family, especially with the additional finished area in the renovated basement.

4. What can the 2022 sale price tell us?
The home sold for $420k in September 2022. This recent transaction provides a concrete benchmark for its market value under the conditions at that time, which is a useful starting point for understanding its current worth.

5. How does the home’s age affect maintenance?
Built in 1949, the home is of an age where core systems (like plumbing, electrical, or the roof) may have been updated. A key question for any buyer would be to verify the age and condition of these major components, as the renovated basement suggests some modernization has already taken place.