Property Overview

This 1,268 sqft one-and-a-half storey home, built in 1949, sits on a generous 6,409 sqft lot in Winnipeg’s Deer Lodge neighbourhood. Its key feature is a renovated basement, adding functional living space. The home lacks a garage or pool. It recently sold in September 2024 for $380,000.

Section 1: Key Characteristics & Appeal

The primary appeal of this property lies in its balance of established character and updated practicality within a mature neighbourhood. Its renovated basement immediately offers modern, usable space without the need for a major project. The lot size is a significant asset, ranking in the top 4% within Deer Lodge, providing ample outdoor space that is increasingly rare for homes of this era.

The home suits two main types of buyers: first, those seeking a move-in-ready character home where a major basement renovation is already complete, allowing them to focus on other updates over time. Second, it appeals to value-conscious buyers who prioritize land size and location over a large interior footprint or attached garage. A less obvious perspective is the advantage of its 1949 build year on Sharp Boulevard; being newer than most immediate neighbours (top 5%) may suggest slightly more modern construction fundamentals for its vintage, while the above-average assessed value for the street indicates it is viewed as a solid asset in its local context.

Section 2: Frequently Asked Questions

Q: How does the sale price compare to the assessed value?
A: The home sold for $380,000, which is significantly higher than its assessed value of $36,600. This is common, as municipal assessments for tax purposes often lag behind current market values.

Q: What does the lot size ranking mean for me?
A: Ranking in the top 4% for land area in Deer Lodge means this property offers one of the larger lots in the neighbourhood. This provides more privacy, yard space, and potential for gardening, landscaping, or future additions than is typical for the area.

Q: Is the lack of a garage a major drawback?
A: It depends on your needs. Many homes in older neighbourhoods lack garages. The large lot does offer potential for adding a garage or shed in the future, subject to local bylaws and permits.

Q: The living area is described as "around average." What does that imply?
A: With 1,268 sqft, the home’s interior size is very typical for the street, neighbourhood, and city overall. It offers standard space for a family, with the renovated basement effectively adding to the usable square footage beyond the main floors.

Q: The home is 77 years old. What should I consider?
A: While the basement is renovated, a home of this age will likely have original or aging core components like windows, plumbing, electrical, and the roof. A thorough inspection is essential to understand the condition and timeline for any future updates.