Property Overview: 338 Moorgate Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Deer Lodge presents a practical opportunity in a well-established neighbourhood. Built in 1949, it is notably newer than many immediate comparables on its street, offering a potential advantage in terms of foundational wear and possible updates. With 1,120 sqft of living space and a renovated basement, the home provides functional space for a small family, a couple, or a first-time buyer. The lot is a generous 5,603 sqft, providing ample outdoor space for gardening, play, or expansion, and includes a detached garage.

Its primary appeal lies in its balance and location. It sits in a solid middle ground for the area—neither the largest nor the smallest, with an assessed value that suggests it's reasonably positioned within the market. The Deer Lodge area offers a quiet, residential feel with good access to parks, the Assiniboine River, and local amenities. This property would suit a value-conscious buyer looking for a move-in-ready home with a classic layout and the benefits of a mature neighbourhood, without the premium price tag of a fully modernized or larger estate home. A thoughtful perspective is that its "average" metrics across the board could mean less competition and more room for negotiation compared to standout properties, while its newer build year for the street is a hidden asset.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely sale price?
The current assessed value is approximately $30,800. It's important to note that municipal assessments for tax purposes often differ from market value. The last known sale was in 2017 for $27,400. A buyer should seek a current market evaluation from a real estate professional to determine today's fair listing and sale price.

2. What does "renovated basement" typically mean for a home of this era?
While specifics require a viewing, in a 1949 home this often indicates updated finishes, improved moisture control, and the creation of a livable rec-room or utility space. It's wise to ask for details on the scope of work, permits, and the basement's primary function (e.g., living space, laundry, storage).

3. Are there any concerns with a 77-year-old home?
While newer than its neighbours, a home of this age will still have aging components. Key points for inspection would be the roof, original windows, plumbing and electrical systems (especially if not updated), and the foundation. The detached garage may also be original.

4. What are the benefits of a detached garage?
It provides flexible storage, a workshop space, and protects a vehicle without consuming interior home square footage. However, it requires maintenance separate from the house and can be less convenient in winter than an attached garage.

5. How does the living space compare to modern needs?
At 1,120 sqft, the living area is compact by today's standards. The one-and-a-half storey design often places bedrooms upstairs, which can mean cozy but efficient use of space. The renovated basement effectively adds usable area, making the home feel larger than the main floor square footage suggests. It's ideal for those who prioritize a larger yard over a sprawling interior.