Property Overview: 414 Moorgate Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Deer Lodge presents a solid, grounded opportunity in a mature neighbourhood. Built in 1949, it is notably newer than many homes on its street and in the immediate area, which can be an advantage for systems and upkeep. The living space of 1,194 sq ft is comfortably average for the locale, but the property stands out for its generous 5,612 sq ft lot, offering above-average outdoor space for the area—a valuable asset for gardening, play, or future expansion.

Its appeal lies in this balance of a character home with practical advantages: a renovated basement adds modern livable space, the detached garage provides flexibility, and the lot size offers a sense of privacy and potential not always found in established neighbourhoods. The assessed value positions it as a mid-range option within Deer Lodge, suggesting a manageable entry point for the area.

This home would suit a buyer looking for a established, quiet community without sacrificing yard space. It’s ideal for a young family seeking a character home with room to grow outdoors, or a practical downsizer who wants a manageable house but doesn’t want to compromise on garden size. It appeals to those who value the stability and mature streetscapes of older neighbourhoods but appreciate that this home is relatively younger than its peers.

Section 2: Frequently Asked Questions

1. How does the 2021 sale price relate to the current assessed value?
The home sold for $280,000 in August 2021. Its current assessed value is $32,900 for taxation purposes. It’s important to understand that a city’s assessed value for property taxes is a different calculation from market value and is typically lower. A buyer should rely on a current market evaluation from their agent.

2. What does the "above average" lot ranking mean practically?
With a lot size ranking in the top 7% on its own street, this property offers more land than most direct neighbours. This translates to larger side yards, greater distance from adjacent homes, and more usable green space compared to typical lots in Deer Lodge.

3. Is the age of the home (1949) a concern?
While 77 years old, the data shows this home is actually newer than 96% of comparable homes on Moorgate Street. This relative newness for the area may suggest updated infrastructure or less legacy wear-and-tear, but a thorough inspection is always recommended for any home of this era.

4. What are the implications of a detached garage?
A detached garage offers flexibility—it could be used as a workshop or studio without concerns about noise or fumes entering the house. The trade-off is convenience, as you’ll need to go outside to access your vehicle, which can be a consideration during Winnipeg winters.

5. The living area is ranked "around average." Is that sufficient space?
At just under 1,200 sq ft, the living space is typical for the neighbourhood. The renovated basement effectively expands the usable square footage, providing crucial extra space for recreation, storage, or a home office that isn’t reflected in the main living area metric.