Property Overview: 318 Linwood Street, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in Deer Lodge presents a compelling mix of space, value, and established neighborhood charm. Its key characteristic is the generous 5,752 sqft lot, which is notably larger than most in the immediate area and offers significant outdoor potential. The living area of 1,091 sqft is comfortably in the average range for the city, providing ample room without being excessive. A recently renovated basement adds modern, functional space.

The appeal lies in its balanced profile. It’s a property that stands out locally for its above-average assessed value and land size, suggesting a solid investment in a desirable pocket of Deer Lodge, while remaining an accessible entry point into the Winnipeg market overall. The 1920 build date means it carries classic character but also implies that a thoughtful buyer should be prepared for the maintenance nuances of an older home.

This home would suit a first-time buyer or a downsizer looking for a manageable footprint without sacrificing yard space. It’s also ideal for a value-conscious buyer who appreciates data-backed metrics—seeing that the property outperforms many local peers in value and land size provides concrete reassurance. The detached garage and renovated basement add practical appeal for hobbyists or those needing flexible space.

Frequently Asked Questions

1. What does the "above average" assessed value relative to the neighborhood indicate?
It typically suggests the property has features, condition, or lot attributes that the city assessor judges to be superior to many nearby homes, which can be a positive signal for underlying value and equity.

2. The home was built in 1920. What should I consider?
While the renovated basement is a plus, prospective buyers should pay particular attention to the condition of core older-home systems: the foundation, plumbing, electrical wiring, and the roof. A thorough inspection is essential.

3. How significant is the lot size?
At over 5,700 sqft, the lot is a standout feature for the street. It offers rare potential for gardening, expansion, or outdoor living that many newer, denser subdivisions cannot match.

4. The last sale was in 2016. What does that mean?
The owner has likely held the property for nearly a decade, which can indicate neighborhood satisfaction and stable ownership. It also means the current assessed value and market price may have appreciated significantly from that last sale price.

5. Is the living space sufficient for a growing family?
At just over 1,000 sqft above grade, the space is average for the city. A growing family would need to utilize the renovated basement effectively for play, office, or additional living space to make the layout work comfortably long-term.