Property Overview: 329 Sackville Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Deer Lodge presents a distinct value proposition centered on its land. Built in 1946, the 690 sqft house is compact, ranking below average in size for its street, neighborhood, and city. The interior includes a renovated basement, adding functional space. The assessed value is notably low, reflecting the modest building.

The primary appeal lies in its substantial 5,867 sqft lot, which ranks in the top 3% on Sackville Street and above average for Deer Lodge. This offers rare potential for expansion, gardening, or outdoor living in a mature neighborhood. The recent sale price of $230k suggests it’s an accessible entry point into the Winnipeg market.

This property would best suit a practical, value-oriented buyer. It’s ideal for a first-time homeowner willing to live modestly while holding a valuable parcel of land, an investor looking for a lot with an existing income-generating structure, or someone seeking a lower-maintenance footprint without sacrificing outdoor space. Its charm isn’t in its current size or finishes, but in its underlying asset—the land—and the future possibilities it represents.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the recent sale price?
The assessed value primarily reflects the taxable value of the property, often heavily weighted toward the building. The sale price captures the market value of the entire asset, including the high-demand land, which the data shows is a large and desirable lot for the area.

2. What does the "below average" ranking for living area mean for daily life?
With 690 sqft of above-ground living space, the home requires efficient use of space. The renovated basement is a key functional addition. This layout suits minimalist living or a small household, emphasizing coziness over spaciousness.

3. How significant is the lot size, really?
Very. On a street where most lots are around 4,800 sqft, this nearly 5,900 sqft plot is among the largest. This isn’t just a slightly bigger yard; it’s a tangible rarity that provides more privacy, room for additions like a garage or deck, and simply more open sky than neighboring properties.

4. The home is older. What should I be mindful of?
Built in 1946, the core systems (like plumbing, electrical, and the foundation) may be original or partially updated. While the basement is renovated, a thorough inspection is crucial to understand the condition of the unseen structure and to plan for potential updates.

5. Is this a good investment for the future?
Its value is anchored in the land, which is a finite resource in a mature neighborhood. While any smaller, older home may require maintenance investment, the lot size offers a unique buffer against market fluctuations and provides optionality—you’re investing in potential as much as the present house.