Property Overview: 380 Sharp Boulevard, Deer Lodge, Winnipeg

Key Characteristics & Appeal

This one-and-a-half storey home, built in 1949, sits on a notably generous 6,408 sqft lot in Deer Lodge—a lot size that ranks within the top 4% of the neighbourhood. The home itself offers 1,268 sqft of living space, which is competitively sized for the area. Key features include a renovated basement and a detached garage. Its assessed value is significantly below current area averages, which is a distinctive aspect of this property.

The primary appeal lies in its combination of a large, established lot in a mature neighbourhood and a home with updated fundamentals (the basement). It represents a solid entry point into the Deer Lodge community, particularly for buyers who value outdoor space and the character of an older home over brand-new finishes. This property would best suit a practical first-time homebuyer, an investor looking for a property with land value, or a homeowner comfortable with a property that may require gradual updates to the main living areas. A less obvious perspective is that its below-average assessment could present a long-term value opportunity as the neighbourhood continues to mature, especially if other homes on the street undergo renewal.

Frequently Asked Questions

1. Why is the assessed value so much lower than area averages?
While the exact reason for a specific assessment isn't public, factors often include the age of the home, the style and condition of its original components, and recent sale prices of comparable properties. It's important to review the condition of the main and upper floors, as the basement has already been renovated.

2. What does the "Elite" ranking for Year Built on its street mean?
This indicates that, compared to its immediate neighbours on Sharp Boulevard, this home (built in 1949) is one of the newer houses on the block, where the average build year is 1947. It suggests a slightly more modern construction within a street of very similar vintage homes.

3. Is the large lot a potential for future expansion or subdivision?
The 6,408 sqft lot is a significant asset. Any potential for expansion (like an addition) or subdivision would depend entirely on the City of Winnipeg's zoning bylaws and development plans. This would require direct verification with the city's planning department.

4. How does the living area compare to a modern home?
At 1,268 sqft, the living area is very close to the current city-wide average. The layout and room sizes in a 1949 home will feel different than in a new build, but the overall square footage is practical for a small family or couple.

5. What is the significance of the detached garage?
A detached garage offers flexibility—it can be used for vehicle storage, a workshop, or extra storage without impacting the home's living space. It may also be easier to replace or modify independently of the house in the future, though it also means accessing your vehicle in the winter months.