Property Summary: 339 Albany Street, Winnipeg

Key Characteristics & Appeal

This one-storey home on Albany Street in Deer Lodge is a compact, character property built in 1928. With 754 sqft of living space, it is notably smaller than average for both the neighbourhood and the city, positioning it as a more manageable footprint. Its key features include a renovated basement and a detached garage. The lot size of 3,749 sqft is typical for the immediate street but smaller than many lots in wider Deer Lodge.

The appeal lies in its efficiency and location. It represents an opportunity for a lower-maintenance lifestyle without the upkeep of a larger property. The renovated basement adds functional living space, and the home's assessed value is very reasonable for the area. It last sold in March 2022 for $310,000, which was a strong price relative to its assessed value at the time, indicating desirable attributes not fully captured by the assessment metric.

This home would best suit first-time buyers, downsizers, or pragmatic investors seeking an entry into the Deer Lodge neighbourhood. It’s for those who prioritize location and a simplified living space over sheer size, and who appreciate the potential of a home with historic character that has seen some updates.

Frequently Asked Questions

1. Is the house unusually small?
Yes. At 754 sqft, the living area is below average for Deer Lodge and Winnipeg overall. This makes it a true "right-sized" home, ideal for those seeking minimal square footage to heat, clean, and maintain.

2. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the finish or rooms. A professional inspection or asking the listing agent for specifics is necessary to understand if it includes a legal suite, additional bedrooms, or simply finished living space.

3. How does the 2022 sale price relate to today's value?
The home sold for $310,000 in March 2022, which was significantly above its assessed value at the time. This suggests the market valued its condition, updates, or lot potential highly. Current market conditions and any further improvements will determine its present value.

4. What are the advantages of a smaller lot?
While smaller than many city lots, the 3,749 sqft property requires less landscaping and yard work. For the right buyer, this is a benefit, reducing weekly upkeep and associated costs while still providing private outdoor space.

5. Is the detached garage a standard size?
The details note a detached garage but do not specify its dimensions or condition. This is an important feature to clarify, as it impacts vehicle storage, workshop potential, and additional storage space.