Property Overview: 318 Belvidere Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1947, presents a solid, well-proportioned offering in the established Deer Lodge neighbourhood. With 1,301 sqft of living space and a recently renovated basement, it provides functional living areas on a good-sized 4,802 sqft lot, complemented by a detached garage. The home’s appeal lies in its balance and practicality. Its metrics—living area, land size, and assessed value—consistently rank around the average for its immediate street and neighbourhood, indicating a property that is typical for the area rather than an outlier. This can be a strength for buyers seeking a stable, predictable investment in a mature community.

A thoughtful perspective is its relative "newness" compared to its immediate peers; built in 1947, it is notably younger than many homes on Belvidere Street, potentially suggesting updated core systems or construction methods for its era. The renovated basement adds modern utility to the classic layout. This home would suit first-time buyers or downsizers looking for a move-in-ready, no-surprises property in a quiet area, or an investor seeking a stable rental in a consistent neighbourhood. It’s for those who value neighbourhood character and practicality over standout luxury or a blank-slate renovation project.

Section 2: Frequently Asked Questions

1. How does this home compare to others in Deer Lodge?
The data shows it is very representative of the neighbourhood. Its living space, lot size, and assessed value all fall within the average range for Deer Lodge, meaning it’s a typical offering rather than exceptionally large, small, or priced.

2. What does the "renovated basement" likely include?
While specific finishes aren’t listed, a renovated basement in a home of this era typically means it has been finished into a livable space, possibly including a recreation room, additional bedroom, or laundry area, with updated flooring, walls, and lighting. It’s important to confirm the scope and permits.

3. Is the assessed value the same as the market price?
No. The municipal assessed value ($31,400) is for taxation purposes and is typically much lower than market value. The last recorded sale was in December 2021 for $340,000, which is a more relevant, though not current, indicator of market price.

4. What are the implications of a "detached" garage?
A detached garage offers flexibility and can be a plus for workshops or projects, as noise and fumes are separated from the house. The trade-off is convenience, requiring you to go outside to access your vehicle, which can be a consideration during Winnipeg winters.

5. The home is older; what should I investigate?
While newer than many on its street, a 1947 home will have age-related considerations. A thorough inspection should focus on the roof, wiring, plumbing, and foundation. The recent basement renovation should also be checked for proper moisture proofing and compliance with building codes.