Property Overview: 374 Winchester Street, Deer Lodge, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This one-and-a-half storey home, built in 1942, presents a practical opportunity in the established Deer Lodge neighbourhood. Its key characteristic is a renovated basement, adding valuable finished space to the 1,420 sqft living area, which is notably above average for the immediate area. The property sits on a 5,998 sqft lot that is generous for Deer Lodge, offering good outdoor space relative to many local homes.

The appeal lies in its balance of a solid, updated feature (the basement) within a classic home, coupled with a lot size that provides room to breathe in a mature community. The detached garage adds functional storage or workshop potential. Notably, its assessed value is below average for its street and area, which may indicate room for value growth or a more accessible entry point into the neighbourhood.

This home would suit a buyer looking for character and space over modern luxury—perhaps a young family seeking a foothold in a quiet area with room to grow, or a practical homeowner who values a large yard and the potential to gradually put their own stamp on a solid, older property. It’s for those who see the value in a renovated basement as a key living or recreational space and appreciate the stability of a long-established community.

Frequently Asked Questions

1. How does the home’s size compare to others?
At 1,420 sqft, the living area is above average for both the immediate street and the wider Deer Lodge area, offering more interior space than many comparable local homes.

2. Is the assessed value a good indicator of the likely sale price?
The assessed value is notably below the average for the street and neighbourhood. This can sometimes signal a more affordable entry point, but the final sale price will be determined by the market, recent upgrades, and condition. The last known sale was in late 2022.

3. What are the implications of a 1942 build date?
Built in 1942, the home is older than the citywide average. This means potential for classic charm and sturdy construction, but buyers should be diligent with inspections regarding the age of major systems like plumbing, electrical, and the roof.

4. How does the lot size benefit the property?
The lot is approximately 6,000 sqft, which is considered above average for Deer Lodge. This provides a sizable backyard for families, gardening, or entertaining, which is a premium in many older neighbourhoods.

5. What does the “renovated basement” typically mean for an older home?
While a positive feature indicating added living space, it’s important to clarify the scope and quality of the renovation, including ceiling height, moisture control, and permits. In a home of this age, a well-done basement renovation significantly adds to the functional living area.