349 Albany Street

Deer Lodge, Winnipeg

Property score

53.7

Fair

Overall 53.7 · Smaller and older than most nearby homes

912 sqft (bottom 19%) · Built in 1912 (31 yrs older than avg)

Located in a high-income area with median household income of ~100k

Transit 76.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 shop, 11 parks, and 1 place of worship nearby

Living Area

Below average

24% smaller than neighborhood avg.

Year Built

Below average

31 yrs older than neighborhood avg.

Mother tongue

English · 88%Tagalog · 2%

Past 10 years Deer Lodge sales snapshot (~80% of all data)

Sold Count

566

Median price

400k

$/sqft

$317/sqft

Avg build year

1943

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Property score

53.7 is composed by the two sections below.

Property Score

34.4Low
Living Area912 sqft42Low
Year Built191216Low
Lot Size2,500 sqft28Low
Neighbourhood Sales Activity37Low

Community Score

82.6Excellent
Household Income85Excellent
Education Level72Good
Housing Stress74Good
Core Housing Need100Excellent
Employment Health83Excellent

Neighbourhood Sales

Deer Lodge

How to read: Share of sales in each ~$50k price band for “deer lodge” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110255

Community deep dive

$100K

Median household income

$103K

Average household income

7%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.9

P90 / P10 ratio

28%

Single-person households

28%

Families with children

Population, labour & age

Population (2021)451
Labour force participation rate78%
Median age40.8
Avg household size2.4
Unemployment rate11%
Population density2652 / km²

Households & income

Low income (LIM-AT, % pop.)7%
Single-person households28%
Couple families with children28%
Median household income (2020)$100K

Housing

Renter households7%
Condominium dwellings0%
Median dwelling value (owners)$314K

Diversity, education & language

Immigrants (share of pop.)9%
Visible minority9%
Bachelor's or higher (25–64)37%
Mother tongue (1st)English · 87%
Mother tongue (2nd)Tagalog · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
912 sqft
0255075100
Same streetBottom 48%Same areaBottom 19%CitywideBottom 18%
Same street · Albany Street
#74 / 143
Bottom 48% · Avg 971 sqft
Same area · Deer Lodge
#1,218 / 1,495
Bottom 19% · Avg 1,197 sqft
Citywide · Winnipeg
#160,199 / 194,458
Bottom 18% · Avg 1,342 sqft

Tax-Assessed Value

below average
148k
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideBottom 3%
Same street · Albany Street
#142 / 143
Bottom 1% · Avg 274.5k
Same area · Deer Lodge
#1,495 / 1,495
Bottom 1% · Avg 312.8k
Citywide · Winnipeg
#188,809 / 194,458
Bottom 3% · Avg 390.1k

Year Built

below average
1912
0255075100
Same streetBottom 10%Same areaBottom 3%CitywideBottom 8%

Lot Size

below average
2,500 sqft
0255075100
Same streetBottom 26%Same areaBottom 3%CitywideBottom 4%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

349 Albany Street — 13 amenities found within 500 m, across 3 categories, including 1 shopping (nearest 432 m), 11 parks (nearest 92 m).

Search radius
🛒Shopping1
🌳Parks11
Worship1

Crime & Safety

Deer Lodge · WPS public data · 2026

Annual incidents

7

2026

vs. city avg

-76%

relative to avg

Year-over-year

-97%

vs. prior year

Primary type

Property

43%

Sales History

Sold 9/2024CA$150k–200k
Sold price

Same street

Bottom 30%

Same area

Bottom 6%

City-wide

Bottom 10%

Related homes

Highlights & common questions: 349 Albany Street, Winnipeg

Property Overview

This one-and-three-quarter storey home on Albany Street in Deer Lodge presents a unique, no-frills opportunity. Built in 1912, its 912 sqft of living space sits on a 2,500 sqft lot. The home has a basement, but it is not renovated, and there is no garage or pool. Its most defining characteristic is its exceptionally low municipal assessed value, which is among the lowest percentile in the immediate area, neighborhood, and city.

The appeal lies in its potential as an entry point into the Winnipeg market or as a value-driven investment property. It suits a specific buyer: someone looking for an affordable project home, an investor comfortable with a hands-on renovation or holding a property with very low carrying costs, or a buyer prioritizing land location over the condition of the existing structure. A thoughtful perspective is that such a low assessment, while indicating needed updates, can also represent a significant buffer against property tax increases relative to neighboring homes. Its smaller lot and vintage charm may also appeal to those seeking a lower-maintenance footprint in an established neighborhood.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on the property's current state. The age of the home (1912), the unrenovated condition, and the smaller living area and lot size compared to area averages all contribute to this valuation. It reflects the significant work needed to bring it up to modern standards.

2. What does "One & 3/4 Storey" mean for this home?
This style typically means the second floor has sloped ceilings following the roof line, with full-height walls only in the center of the rooms. It offers functional upstairs space but with a more cozy, character-filled feel than a full two-storey home.

3. Is this a good option for a first-time buyer?
It could be, but with important caveats. The initial price is very accessible, making ownership possible. However, buyers must be prepared for immediate maintenance, potential renovations, and should budget thoroughly for updates to systems, insulation, and finishes that come with a 114-year-old home.

4. What are the implications of the unrenovated basement?
An unrenovated basement in a home of this age likely means foundational systems (wiring, plumbing, heating) are visible and may need evaluation or updating. It also presents a blank canvas for future development, but any renovation would need to start from a very basic state and consider moisture management.

5. How does the recent sale price compare to the assessed value?
The home sold for $19,700 in September 2024, which is higher than its $14,800 assessed value. This is common, as the market sale price reflects what a buyer was willing to pay, while the assessment is an administrative valuation for taxation purposes. The sale confirms the property's value as a project with potential, exceeding its tax-assessment baseline.

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