Property Overview: 407 Sharp Boulevard, Deer Lodge, Winnipeg

This one-and-a-half storey home, built in 1949, presents a solid opportunity in the established Deer Lodge neighbourhood. With 1,278 sqft of living space and a renovated basement, it sits on a notably generous 6,413 sqft lot—a standout feature that ranks in the top 3% for lot size within the area. The home’s assessed value of $350k positions it above average for both its street and neighbourhood, suggesting a well-regarded property. Its last sale was in July 2022 for $441,000.

Section 1: Key Characteristics & Appeal

The core appeal of this property lies in its balance of classic charm and practical updates, anchored by an exceptionally large lot for the neighbourhood. The renovated basement adds functional living space, while the detached garage offers flexibility. Its assessed value outperforms many local peers, indicating a history of maintenance and desirability. The home would suit a buyer looking for a established, quiet community like Deer Lodge, who values ample outdoor space for gardening, play, or future projects over a brand-new build. It’s particularly suited for those who appreciate a home with character and a footprint that allows for privacy and expansion potential, rather than a compact, modern infill.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to the likely asking or market price?
The assessed value of $350k is for municipal tax purposes. The home last sold for $441,000 in mid-2022, which is a more relevant benchmark for current market value, though prices are influenced by current market conditions, the home’s specific condition, and recent upgrades.

2. What does the "Elite" ranking for the lot size actually mean?
This means the property’s lot is larger than approximately 97% of comparable lots in the Deer Lodge area. It’s a significant asset, offering more yard space, potential for additions, or simply greater distance from neighbours than is typical.

3. Is a home from 1949 likely to have major issues?
While the age suggests potential for older components like plumbing, wiring, or the roof, the above-average assessed value for the street and neighbourhood can hint at ongoing upkeep. A thorough professional inspection is essential to identify any needed updates or latent issues common to homes of this era.

4. What are the pros and cons of a detached garage?
Pros include reduced noise and fire risk from the main house, and flexibility for use as a workshop. The main con is convenience, requiring you to go outside in all weather conditions, and it may be less secure than an attached garage.

5. The living area is slightly below the street average. Is that a concern?
At 1,278 sqft, it’s moderately sized. The renovated basement effectively adds to the usable space, offsetting this. For many buyers, the trade-off of slightly less above-ground square footage for a much larger lot and a updated basement is a positive one.