Property Overview: 377 Guildford Street, Deer Lodge, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home in Deer Lodge presents a solid opportunity for value-focused buyers or those seeking a project with established roots. Built in 1950, it is notably newer than many homes on its street and in the immediate area, which can be an advantage for systems and structure. The living space (1,164 sq ft) is modest and slightly below average for the street, suggesting a cozy, efficient layout rather than expansiveness. Its true standout feature is the land: a 5,612 sq ft lot that ranks well above average for both the street and the neighbourhood, offering generous outdoor space and potential.

The home’s appeal lies in its balance of a desirable lot size in a mature neighbourhood with a very accessible price point, as reflected in its assessed value. It suits a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values space outside more than a large, renovated interior. The existing basement (not renovated) and detached garage add functional utility. A thoughtful perspective here is that the home’s "below average" size and assessed value for its specific street might indicate an entry point into a well-located street where other properties are more valuable, offering a chance to add value over time.

Frequently Asked Questions

1. Is the home in move-in condition?
The listing notes the basement is not renovated. While the main living areas aren’t described, this suggests the property may require some updates or cosmetic work, aligning with its value-focused price.

2. How does the assessed value relate to the expected sale price?
The home last sold in 2019 for $23.5k, and its current assessed value is $30.5k. In Winnipeg, assessed value is for municipal tax purposes and is not a direct indicator of market sale price, which is determined by current market conditions.

3. What are the advantages of a larger lot in this neighbourhood?
The above-average lot size provides more private outdoor space, room for gardening, play, or additions like a shed or deck. In mature neighbourhoods like Deer Lodge, larger lots are a finite resource and add long-term value.

4. What does it mean that the home is "newer" than others on the street?
Being built in 1950 makes it newer than the street’s average (1947). This isn’t a major age difference, but it can sometimes correlate with updates in building materials or floorplan design from the era, which might be a slight advantage.

5. Who might this property not suit?
It may not be ideal for buyers seeking a turn-key, modernized home with ample finished space. The living area is modest and the basement is unfinished, so those needing significant immediate space or unwilling to undertake any projects might look elsewhere.