Property Overview: 301 Guildford Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Deer Lodge is defined by its efficient scale and a lot that offers relative value. With 903 sqft of living space, it is notably compact compared to most area homes, appealing to those seeking a manageable layout without excess space to maintain. A key feature is the renovated basement, adding functional living area. The property sits on a roughly 5,600 sqft lot, providing good outdoor space for its size, and includes a detached garage.

Its primary appeal lies in its position as a more accessible entry point into a well-established neighbourhood. The assessed value is strong for Deer Lodge, ranking above average locally, which suggests the property is viewed favorably within its immediate market context. Interestingly, while the home itself is modest in size, the data indicates it is one of the newer builds on its specific street, a subtle point that may appeal to buyers mindful of potential maintenance compared to older stock.

This home would suit first-time buyers, downsizers, or practical investors looking for a solid foothold in a mature neighbourhood. It’s for those who prioritize location and lot size over square footage, and who see the value in a home that has already undergone basement renovations.

Section 2: Frequently Asked Questions

1. Is the living area too small?
At 903 sqft, the living area is below the average for Deer Lodge. This makes for a cozy, efficient home ideal for individuals, couples, or small families who prefer minimal upkeep. The renovated basement effectively expands the usable space.

2. How does the assessed value compare?
The assessed value is above average for the Deer Lodge neighbourhood, which typically signals that the property’s official valuation is strong relative to its immediate peers. It’s around average when compared to the street and the wider city.

3. What does the "newer build on the street" ranking mean?
Built in 1950, this home ranks in the top 5% for year built on its own street. This means most houses on Guildford Street are older. For a buyer, this could imply relatively newer major components (like wiring or plumbing) compared to direct neighbours, though a full inspection is always recommended.

4. What is the potential based on the lot size?
The lot is just over 5,600 sqft, which is fairly standard for the area but provides a good canvas relative to the home’s footprint. This balance offers ample yard space and potential for future landscaping, gardens, or outdoor living, which is a key asset.

5. Who might this property not suit?
Buyers needing multiple large bedrooms, dedicated home office spaces, or expansive common areas may find the main-floor living area limiting. It is best suited for those comfortable with a compact, efficient floor plan where the basement renovation significantly adds to the functionality.