Property Overview

This one-and-a-half storey home on Moorgate Street in Deer Lodge presents a solid, grounded opportunity in Winnipeg’s housing market. Built in 1949, it features 1,194 sqft of living space, a renovated basement, a detached garage, and sits on a 5,607 sqft lot. The data suggests it is not an outlier in size or value but represents a stable, average offering within its immediate neighborhood—a characteristic that can be its strength. Its appeal lies in its established location, practical updates, and the space afforded by its above-average lot size for the street. This property would suit a first-time homebuyer, a small family, or a practical investor looking for a move-in-ready home without premium pricing, in a mature community with less volatility than newer, trendier areas.

A less obvious perspective is its relative "newness" on Moorgate Street; being built in 1949 makes it one of the more recently constructed homes on the block, which may imply fewer concerns with antiquated building practices common to earlier eras. Furthermore, its assessed value history shows consistency, last selling in 2020 for a price very close to its current assessment, indicating a stable, realistic market valuation rather than speculative pricing.

Frequently Asked Questions

1. How does this home compare to others in Deer Lodge?
The home is consistently around the neighborhood average for living space, lot size, and assessed value. It’s not the largest or most valuable on the block, but it holds a solid middle position, offering a typical Deer Lodge experience without extreme premiums or compromises.

2. What does having a "renovated basement" typically mean for a home of this age?
While specifics would require a viewing, in a 1949 home this usually indicates essential updates have been made to what is often a foundational area. Expect modernized finishes and likely addressed moisture control or insulation, adding functional living space and peace of mind.

3. Is the assessed value a reliable indicator of the likely sale price?
The assessed value ($33.10k) is for municipal tax purposes. Its close alignment with the 2020 sale price ($30.70k) suggests it is grounded in recent market activity, but the final sale price will always be determined by current market conditions and buyer competition.

4. What are the advantages of a larger lot in this context?
At 5,607 sqft, the lot is above average for Moorgate Street. This offers more private outdoor space, better potential for gardening, landscaping, or additions like a shed or deck, and a greater sense of separation than is typical for the area.

5. The home is described as "one & 1/2 storey." What does that imply for layout and space?
This style, common in its era, typically features main-floor living areas and bedrooms, with the "half" storey often containing additional bedrooms or a primary suite in the sloped-ceiling attic space. It makes efficient use of the footprint and can offer charming, cozy upper-level rooms.