Property Overview: 301 Moorgate Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Deer Lodge presents a compelling blend of established character and above-average metrics for its immediate area. Built in 1949, it is a newer construction compared to many homes on its street and in the neighbourhood, which can be an advantage for maintenance and systems. With 1,454 sqft of living space, it offers more room than most comparable homes in Deer Lodge, and its fully renovated basement adds functional space. The lot is a standard city size, and the property includes a detached garage.

The primary appeal lies in its strong positioning within a sought-after, established neighbourhood. The home's Assessed Value ranks in the top 3% for Deer Lodge, indicating it is viewed as a premium property within the community relative to its peers. This suggests potential for quality finishes, a desirable location on the street, or superior condition. It would suit buyers looking for a character home in a mature neighbourhood who also value a property that stands out in terms of investment and appraisal value within that locale. It's ideal for someone who appreciates a renovated, move-in-ready space in a quiet area, possibly a young family or professional couple seeking stability and community.

A less obvious perspective is that its "elite" assessed value, while a positive, also sets a high benchmark for property taxes. Buyers should weigh the prestige and potential quality against the ongoing cost. Additionally, its above-average living area for the neighbourhood means more usable space, but in an older home, this can also translate to higher heating and renovation costs compared to a smaller, newer build.

Section 2: Frequently Asked Questions

1. What does the "Elite" assessed value ranking actually mean?
It means this home's official city assessment is higher than 97% of similar homes in Deer Lodge. This typically reflects a combination of factors like lot location, home size, condition, and improvements, suggesting it is a top-tier property within the neighbourhood market.

2. Is the living space larger than average?
Yes. At 1,454 sqft, the living area is larger than approximately 84% of similar homes in the Deer Lodge area, offering more interior space than is typical for the neighbourhood.

3. How does the year built (1949) compare?
The home is newer than about 73% of comparable homes in Deer Lodge. In an older neighbourhood, a post-war build can mean slightly more modern construction standards and materials than much older homes.

4. What is the property's recent sale history?
The home last sold in June 2019 for $37,500. It is crucial to consult with a real estate professional for a current market valuation, as this historical price is not reflective of today's market value.

5. Are there any apparent drawbacks based on the data?
The data shows the lot size is average for the area, so outdoor space is standard, not expansive. Also, while the high assessment indicates value, it generally correlates with higher property taxes, which is an important factor for the annual cost of ownership.