Property Overview: 293 Moorgate Street, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in Deer Lodge presents a compelling blend of established character and modern practicality. Its key strength lies in its above-average footprint and significant recent investment. With 1,426 sqft of living space, it offers more room than most comparable homes in both the immediate area and the wider neighborhood. A recently renovated basement adds functional, modern living space.

The appeal is rooted in its strong position within a mature community. The home sits on a standard-sized lot (just under 5,600 sqft) but stands out for its assessed value, which ranks in the top 7% on its street and top 6% in Deer Lodge. This suggests above-average finishes, upgrades, or desirability for the location. Built in 1949, it is notably newer than many peers on Moorgate Street, potentially meaning fewer concerns related to very old infrastructure.

This property would suit a buyer looking for a move-in-ready home in a stable, established neighborhood, who values space and modern amenities within a classic architectural style. It’s ideal for someone who appreciates a home that already has key renovations done, as evidenced by the updated basement and strong assessment, but who doesn’t mind the upkeep that comes with a 77-year-old structure. It offers a balance between community charm and contemporary comfort.

Frequently Asked Questions

1. What does the "above average" assessed value actually indicate?
The assessed value of $392,000 is significantly higher than the average for similar homes on the street and in Deer Lodge. This typically reflects major improvements, quality renovations, or desirable property traits that the assessor has recognized, such as the renovated basement. It often correlates with a higher market value.

2. How does the year built (1949) affect this home?
While 77 years old, this home is actually newer than most on its block. This can be an advantage, potentially meaning updated electrical or plumbing systems compared to homes built in the early 1900s. However, buyers should still budget for maintenance consistent with any mid-century home.

3. Is the living space larger than it seems?
Yes. The 1,426 sqft living area is notably above the local averages. Combined with the renovated basement, the total usable space is a key selling point, offering more room than many similar-style homes in the area.

4. The home sold in late 2021 for $420,000. How is that relevant today?
That sale price provides a recent benchmark, showing strong value at that time. Market conditions have shifted since then, but it indicates the price point the home previously achieved and can be a reference point for understanding its perceived value with its current features.

5. Who might this neighborhood suit best?
Deer Lodge is a mature, established neighborhood. This home, given its size and updates, is well-suited for small families, couples, or professionals seeking a quiet, residential community with character, good internal space, and proximity to amenities like parks and the Assiniboine River, without being in a brand-new development.