Property Overview & Key Characteristics

This one-and-three-quarter storey home on Albany Street in Deer Lodge presents a classic Winnipeg character property with practical space. Its primary appeal lies in its generous 1,456 sqft living area, which is notably larger than most homes on its street and in the immediate neighbourhood. This offers significant value for buyers seeking room to grow without a sprawling footprint. The home sits on a standard city lot and features a basement, though it is noted as not being renovated. Built in 1912, it is a century-old home, meaning its charm is coupled with the maintenance considerations typical of its era.

The property would suit a buyer who values space over newness and is prepared for the stewardship of an older home. It’s a strong candidate for someone looking for a character-filled canvas—whether they plan to update it gradually or appreciate its existing vintage state. The assessed value positions it as a more accessible entry into a stable neighbourhood, ideal for pragmatic first-time buyers, investors, or downsizers who still need ample living space but are budget-conscious. Its appeal is grounded in solid square footage and location, rather than modern finishes or amenities.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean for this home?
This style typically means the home has two full floors, but the second floor has sloped ceilings or dormers as the roof line extends into that space. It often provides cozy, character-filled bedrooms but can limit full-height wall space.

2. The living area is large for the area, but the assessed value is average. Why is that?
The above-average living space combined with a below-average year built (1912) creates this balance. The value reflects the generous usable square footage, while the age and likely need for updates temper the overall valuation compared to newer, smaller homes.

3. What should I expect with a "not renovated" basement in a 1912 home?
You should anticipate a functional, utilitarian space that may have low ceilings, older foundation walls, and basic finishes. It’s suitable for storage, laundry, and mechanical systems, but likely not a modern living area without significant investment.

4. How does the lack of a garage affect daily living and value?
On-street parking is the norm here. This suits buyers comfortable with city parking and can be a trade-off for the lower price point. Adding a garage later would be a major project, subject to lot space and bylaws.

5. The home sold in 2017 and 2019. Is that a concern?
The two sales in a short period could indicate past flipping, an investor-owned property, or simply changing personal circumstances. It underscores the importance of a thorough inspection to understand the condition and any changes made during those ownership periods.