Property Overview: 386 Moorgate Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Deer Lodge presents a practical opportunity with notable strengths. Built in 1949, it is a newer construction compared to most on its street, potentially suggesting fewer age-related concerns than its immediate neighbors. The lot is a key asset, offering above-average outdoor space for the area at over 5,600 square feet, providing room for gardening, play, or expansion. With just under 1,200 square feet of living space and an unfinished basement, the home offers a manageable footprint for a smaller household or a buyer comfortable with future renovations.

Its appeal lies in its position as a solid, no-frills property in a well-established neighborhood. The detached garage adds utility, and the home’s assessed value sits below average for the street, which could indicate a relatively accessible entry point into the area. This property would best suit a first-time buyer, a practical downsizer, or an investor looking for a character home with a good lot size. It’s for someone who values space and location over move-in-ready finishes and sees potential in a home that may require personalization or gradual updates.

Section 2: Frequently Asked Questions

1. Is the basement developed?
No, the basement is noted as "not renovated," meaning it is unfinished. This provides a blank canvas for future development but does not add immediate livable square footage.

2. How does the property compare in size to others nearby?
The living area is around the average for Deer Lodge. The more distinguishing feature is the land area, which is larger than many lots on the same street and in the neighborhood.

3. What does the assessed value tell us?
The assessed value is below the average for Moorgate Street but around average for the wider Deer Lodge area. This can sometimes suggest a more competitive price point for the specific block, but market sale price will be determined by current conditions.

4. The home was last sold in July 2019. What does that mean?
A sale five years ago provides a previous market price benchmark, but significant changes in the market and any updates made by the owners since then will be far more relevant to its current value.

5. Are homes of this age expensive to maintain?
While being newer than many on its street, a home built in 1949 will still require diligent upkeep. Prospective buyers should budget for ongoing maintenance and consider a thorough inspection for systems like wiring, plumbing, and the roof, which may be due for updates or replacement.