Property Overview

This two-and-a-half storey home, built in 1913, is a classic character property in Winnipeg's Deer Lodge neighbourhood. Its primary appeal lies in its generous 1,918 sqft living area, which ranks within the top 4% of homes on its street and top 13% citywide, offering significantly more space than many comparable properties. The home sits on a standard-sized lot of just over 5,600 sqft. While it retains its original basement and does not have a garage or pool, its recent sale price of $360k (July 2023) suggests it was positioned as a value proposition for its square footage.

This property would best suit a buyer looking for a project-in-waiting with solid bones. It’s ideal for someone who prioritizes interior space over modern finishes and sees potential in a historic home. The buyer should be prepared for the realities of a 110-year-old structure, including an unrenovated basement, but will be rewarded with the charm and proportions rarely found in newer builds. It’s a practical entry into a mature neighbourhood for a handy owner or an investor with a vision.

Frequently Asked Questions

1. What does "two-and-a-half storey" mean for this home?
This typically describes a home with two full floors of living space, plus a smaller top floor—often with sloped ceilings—that can serve as additional bedrooms, an office, or storage. It's a design common to the era and maximizes the footprint.

2. The assessed value is notably lower than the recent sale price. Why?
Municipal assessed value for taxation purposes often lags behind market value, especially after a recent sale. The sale price of $360k reflects what a buyer was willing to pay in the current market, which can be influenced by factors like interior space and neighbourhood demand that aren't fully captured in the assessment formula.

3. Is the unrenovated basement a major concern?
It depends on your plans and budget. An original basement in a 1913 home likely has foundational character but may have lower ceilings, older mechanical systems (like the furnace or wiring), and limited moisture protection. It represents a clear opportunity for future modernization but requires a thorough inspection.

4. How does the lack of a garage affect daily life and value?
For many in established neighbourhoods, street parking is the norm. The value impact is relative; buyers seeking a turn-key property with a garage may look elsewhere, while those prioritizing interior square footage at this price point may see it as a fair trade-off. It’s worth checking on local parking regulations.

5. The home is "below average" for its age locally. Is that a red flag?
Not necessarily. In Deer Lodge, a neighbourhood with many early to mid-20th century homes, a 1913 build is among the oldest. This stat highlights its historic character but also underscores the importance of a meticulous inspection for an structure of this vintage, focusing on the roof, foundation, and updating history of major systems.