Property Overview: 357 Moorgate Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Deer Lodge presents a compelling blend of established neighborhood character and strong underlying value. Built in 1949, it sits on a generous 5,600 sqft lot and offers 1,344 sqft of living space. Its standout feature is its exceptionally high assessed value relative to its immediate area, ranking in the top 3-4% on its street and in Deer Lodge. This suggests significant improvements, a premium location within the neighborhood, or both—factors not fully captured by the home’s average citywide ranking.

The appeal lies in its established setting, with a renovated basement and a detached garage adding practical utility. It suits buyers looking for a home in a mature, stable community where the investment has already been substantiated through official assessment. It’s particularly well-matched for someone who values a larger lot in a central Winnipeg neighborhood and appreciates a property that clearly stands out in value among its direct peers, potentially offering a solid foundation for long-term equity.

Section 2: Frequently Asked Questions

1. Why is the assessed value so high compared to nearby homes?
The home ranks in the elite top 3-4% for assessed value on its street and in Deer Lodge. This typically indicates major renovations, additions, or premium lot features that have been formally recognized, setting it apart from neighboring properties.

2. Is the living space considered large for the area?
Yes. At 1,344 sqft, the living area is above average for both Moorgate Street and the wider Deer Lodge neighborhood, offering more interior space than many comparable local homes.

3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope or finish. This would be a key point for buyer due diligence to understand the quality, layout, and permits for this updated space.

4. How does the 1949 build year affect the home?
While older than the citywide average, the home is actually newer than many on its street and in Deer Lodge. This suggests potentially updated infrastructure compared to immediate neighbors, but a thorough inspection for an older home’s typical systems (plumbing, electrical, roof) remains essential.

5. The last sale was in 2022 for $45.5k. Is that the price?
No, that is a historical data point. The $45.5k likely reflects a prior transaction type (e.g., title transfer) and is not the current market price. The current asking price is not provided in this data summary.