Property Overview: 406 Moorgate Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Deer Lodge offers a compelling blend of space, location, and established character. With 1,344 sqft of living area and a generous 5,611 sqft lot, the property provides above-average room for its immediate neighborhood and the broader Deer Lodge area. A key feature is the renovated basement, adding functional living space. The home was built in 1949, which is notably newer than many on its street, potentially suggesting updated core components or construction methods for its era.

Its primary appeal lies in its strong positioning within a mature, sought-after community. The numbers indicate a home that consistently performs "above average" against local benchmarks for size, lot dimensions, and assessed value, offering a sense of solidity and investment within the community context. The detached garage is a practical asset.

This property would suit buyers looking for a character home in a well-established neighborhood without compromising on relative indoor and outdoor space. It’s ideal for someone who appreciates a home that stands favorably against its direct peers and values the potential of a renovated lower level and a sizable, private yard.

Section 2: Frequently Asked Questions

1. How does the home’s age affect its value?
While built in 1949, it ranks in the top 4% for being a newer build on its own street. This suggests it may have advantages over older neighboring homes, but prospective buyers should still prioritize a thorough inspection common for homes of this vintage.

2. Is the assessed value a good indicator of the sale price?
The current assessed value is $34,100, but the home last sold for $400,000 in July 2022. This large discrepancy is normal; assessed values for tax purposes are not market valuations. The 2022 sale price is a more relevant, though dated, benchmark for current market value.

3. What does "above average" for the lot size mean practically?
With a lot size ranking in the top 10% on its street, you’re getting more private outdoor space than most nearby properties. This allows greater potential for gardening, recreation, or additions, a relative rarity in mature neighborhoods.

4. Who might the renovated basement suit?
The finished basement adds flexible space ideal for a growing family needing a rec room, a professional seeking a home office, or a household wanting separate entertainment or hobby areas. It effectively increases the usable square footage beyond the main floors.

5. How does this home fit within the wider Winnipeg market?
City-wide metrics show this home is around average for living area and land size, but below average for its year built. This highlights that its primary appeal is its local standing within the desirable Deer Lodge community, rather than city-leading specs. It represents a solid, established community choice.