Property Overview: 376 Conway Street, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in Deer Lodge presents a practical opportunity in a well-established neighbourhood. Built in 1949, it is notably newer than many homes on its street and in the immediate area, which can suggest updated core systems or construction. With 1,078 sqft of living space and a renovated basement, it offers functional space for a small household. The detached garage and a land size just over 5,500 sqft provide valuable outdoor utility and space for gardening or recreation.

Its primary appeal lies in its position as a statistically average property within its market context. The assessed value is modest compared to the street, potentially indicating a lower property tax burden relative to neighbours. This creates an entry point into a mature neighbourhood without a premium price tag. It would suit first-time buyers, downsizers, or practical investors seeking a home with baseline updates (like the basement) and a manageable footprint. The value is in its straightforward utility and location rather than luxury finishes or size.

Frequently Asked Questions

1. Is the property tax bill likely to be low?
Based on its assessed value ranking in the bottom 12% on Conway Street, this home is assessed lower than most direct neighbours. This often, though not always, correlates with a relatively lower property tax bill compared to similar-sized homes on the same block.

2. What does the "renovated basement" likely include?
The listing specifies a renovated basement, which typically means finished living space suitable for a family room, office, or additional bedrooms. It implies the core elements like walls, flooring, and ceiling have been updated, but specific details on permits, moisture control, or the quality of finishes should be verified.

3. How does the age of this home compare to others nearby?
Built in 1949, this home is actually newer than the average home on Conway Street and in the Deer Lodge area. This can be an advantage, potentially meaning less immediate concern for major replacements of very aged roofing, plumbing, or wiring found in older stock.

4. What is the potential for future value growth here?
The home’s metrics are consistently average or below average for its assessed value, suggesting it is not priced at a premium. In a stable neighbourhood like Deer Lodge, this can provide a cushion against market dips and offer steady, long-term equity growth as improvements are made, rather than speculative potential.

5. Are the living spaces likely to feel cramped?
At 1,078 sqft, the living area is below the average for the street, area, and city. For a small family or couple, the layout and renovated basement may provide adequate space. However, those needing multiple large bedrooms or open-concept living may find the upper floor of a one-and-a-half storey design more compartmentalized.