Property Summary: Sackville Street, Deer Lodge

Key Characteristics & Buyer Suitability

This is a compact, older home in Winnipeg’s Deer Lodge neighbourhood. At roughly 751 square feet of living space, it sits well below the area and city averages, and its assessed value of $256,000 reflects that—more than $50,000 under the local median and about $134,000 under the citywide median. The property was built in 1945, which puts it around the same vintage as many homes on the street, though older than most citywide. The land parcel measures 4,693 square feet, which is actually on the smaller side relative to other properties on Sackville Street and in Deer Lodge, but it’s still a decent-sized urban lot.

The appeal here is straightforward: this is an entry-level price point in a well-established neighbourhood. For buyers who are flexible about square footage and aren’t looking for a “move-in ready” showpiece, this property offers a chance to get into a stable residential area without the premium attached to larger, renovated homes. It would suit first-time buyers, downsizers, or investors looking for a rental property with lower acquisition costs. The smaller footprint also means lower ongoing costs for utilities, property taxes, and maintenance—though the age of the building means some systems may need attention. A less obvious perspective: in a market where many buyers fixate on square footage, this home’s compact size could be an advantage for someone who values location and land over interior space, or who’s willing to reconfigure the floor plan rather than pay for square footage they don’t use.

Frequently Asked Questions

1. How does the assessed value compare to what I might pay?
The city’s assessed value is $256,000, but that’s a baseline for tax purposes, not a market price. Given the property is priced below typical sale prices in Deer Lodge, you might expect some competition from value-focused buyers, but the small living area could limit bidding wars.

2. Is the land size a drawback or an opportunity?
At 4,693 square feet, the lot is smaller than many in Deer Lodge, but it’s still a standard urban lot. For someone who doesn’t want a large yard to maintain, it’s a plus. With careful planning, there may be room for a modest addition or garage, though zoning would need to be checked.

3. What should I look for given the 1945 build date?
Homes from this era often have solid framing but may need updated electrical, plumbing, or insulation. Look for signs of old wiring (knob-and-tube), cast iron pipes, and single-pane windows. The furnace and roof age are also worth checking.

4. How does this property compare to other listings on Sackville Street?
It ranks in the bottom third for both living area and value on the street. That means it’s likely the more affordable option in the immediate area—but also smaller than most neighbours. If you’re set on this street, this is a budget-friendly entry point.

5. Would this work as a rental property?
Potentially yes, given the lower purchase price. The rent for a small 1940s bungalow in Deer Lodge would likely cover the mortgage and taxes, but the return depends on condition. Tenants in this area tend to value location and yard space over square footage, so the compact interior might not be a dealbreaker.