Property Overview: 379 Albany Street, Winnipeg

Key Characteristics & Appeal

This 2019-built bi-level home at 379 Albany Street in Deer Lodge offers a compelling blend of modern construction and established neighbourhood character. Its primary appeal lies in its relative newness, being significantly newer than most homes on its street and in the wider area, which suggests contemporary building standards, energy efficiency, and minimal immediate maintenance. The home features a renovated basement and a detached garage.

The 1,060 sqft living space is above average for Albany Street itself, providing comfortable room for a small family or couple. A thoughtful perspective is that while the lot size is smaller than typical for the area, this translates to less yard upkeep—a potential advantage for buyers seeking a low-maintenance property without sacrificing interior space. The home’s assessed value ranks highly within its immediate locale, indicating it is considered a premium property on its street.

This property would best suit first-time buyers or downsizers who prioritize a modern, move-in-ready home in a mature neighbourhood. It’s ideal for those who value newer mechanical systems and insulation over a large garden, and who appreciate having a home that stands out in terms of age and condition within its community.

Frequently Asked Questions

1. What does the high assessed value ranking on the street actually mean?
It indicates that, according to municipal assessment, this home is valued in the top 3% of properties on Albany Street. This often reflects the combination of its recent build year and renovations compared to older neighbouring homes.

2. Is the smaller lot size a significant drawback?
It depends on your lifestyle. The lot is indeed smaller than the neighbourhood average, which limits expansive gardening or large outdoor recreation space. However, it reduces maintenance time and costs, which many buyers find to be a worthwhile trade-off for a newer home.

3. What are the implications of buying a home built in 2019?
A home of this age likely still has many years of warranty coverage remaining on major components, and it was built to recent building codes. You can expect modern insulation, wiring, and plumbing, which typically leads to lower utility costs and fewer surprise repairs in the near term.

4. The home last sold in 2020. What should I consider?
As a relatively recent resale, major structural issues are unlikely. It’s wise to understand why the current owners are moving after a short period and to review any improvements they may have made since their purchase. A standard home inspection remains essential.

5. Who might this home not suit?
Buyers who desire a large, private yard for gardening or entertaining may find the lot size limiting. Similarly, those looking for a project home or a character property with heritage features would likely prefer one of the older homes in the area.