Property Overview: 318 Sackville Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This 790 sqft, one-storey home, built in 1940, sits on a notably generous lot for its Sackville Street location. Its key appeal lies in its balance of modest, renovated living space and a substantial, private yard—a combination that is increasingly rare. While the home's living area is compact and below the neighbourhood average, its land area ranks well above average for the immediate street, offering significant outdoor potential.

The property suits practical, value-oriented buyers. It’s an ideal entry point for first-time homeowners or downsizers who prioritize land size and location over square footage, and who see potential in outdoor space for gardens, recreation, or future expansion. The renovated basement adds functional living space. Its assessed value positions it as a more accessible option within Deer Lodge, appealing to those seeking established community character without the premium price tag of larger homes in the area. A thoughtful perspective is that this property represents the "land value" proposition in mature neighbourhoods: you're investing in the location and the lot, with the home itself offering a comfortable, efficient footprint.

Section 2: Frequently Asked Questions

1. Is the house too small for a small family?
While the above-ground living area is compact, the renovated basement provides additional space. Its suitability depends on the family's lifestyle; it would work well for those who value a large yard for children to play in over having a large indoor floor plan.

2. How does the assessed value compare to the likely sale price?
The home last sold in 2021 for $32.5k. Its current assessed value is $28.5k. In today's market, the sale price is typically determined by buyer demand and recent comparable sales, not the assessed value, which is used for municipal tax calculations.

3. What does the lot size mean for me?
At nearly 4,700 sqft, the lot is a standout feature. It provides ample room for gardening, private outdoor living, and potential projects like a shed or detached garage (subject to city bylaws). It also means less immediate proximity to neighbours compared to standard lots.

4. Is a home from 1940 a concern?
The year built is typical for Deer Lodge. While the basement has been renovated, a prudent buyer should still invest in a thorough inspection to understand the condition of core systems like wiring, plumbing, and the foundation, which are common focus points in homes of this era.

5. Why is the living area ranked so differently from the lot size?
The rankings compare the home against different groups. Its living area is below average for the wider Deer Lodge area, which has many larger homes. Conversely, its lot size is above average for Sackville Street specifically, indicating the parcels on this street are generally generous, making this property's lot even more notable within its immediate context.