Property Overview & Key Characteristics

This one-and-a-half storey home on Albany Street in Deer Lodge presents a classic Winnipeg character home opportunity. Built in 1918, it offers 1,233 sqft of living space, which is notably above average for its immediate street, providing more room than many neighbouring homes. The property sits on a 2,928 sqft lot and includes a detached garage. A key point for buyers is the condition: the basement exists but is noted as not renovated, indicating a space with potential but requiring work.

Its primary appeal lies in its relative size advantage on the block and its character-home roots in an established neighbourhood. The assessed value is positioned below average for both Deer Lodge and the wider city, which could signal an entry point into the area for a savvy buyer. This home would suit a buyer comfortable with a project—someone looking for a home with good bones and more interior space than typical on the street, who is prepared to update and renovate over time, starting with the basement. It’s less suited for those seeking a move-in-ready, modernized property or a large outdoor lot.

Frequently Asked Questions

1. What does "basement not renovated" typically imply?
It generally means the basement is in original or utilitarian condition, likely with an older foundation, basic finishes, and mechanical systems. It presents both a project cost and an opportunity to customize the space to modern standards.

2. How does the assessed value relate to the expected sale price?
While past sale prices for this home have been close to its current assessed value, market conditions ultimately determine sale price. The assessment being below area averages can be a starting point for negotiation, but doesn't guarantee a final sale price.

3. Is the living area size a significant advantage?
Yes, particularly on this street. Ranking in the top 15% locally for living area means you get more interior space than most nearby homes, which is a functional benefit in an older neighbourhood where some homes can be quite compact.

4. What are the considerations with a 1918 build date?
It promises character but necessitates thorough inspections for foundational integrity, insulation, wiring, and plumbing. While it ranks around average for age on its street, it is older than most homes in the wider city, so maintenance history is crucial.

5. The lot size ranks low for the area. Is that a major drawback?
It depends on priorities. The lot is smaller than most in Deer Lodge, which means less yard space. However, it is closer to the average for Albany Street itself, and the trade-off is a larger-than-average house on that lot, prioritizing indoor space over outdoor.