Property Overview: 415 Conway Street, Deer Lodge, Winnipeg

Key Characteristics & Buyer Appeal

This one-and-a-half storey home, built in 1949, presents a classic Deer Lodge opportunity centered on its generous, well-sized lot. With 5,612 square feet of land, the property ranks in the top 5% for lot size on its street, offering above-average outdoor space and potential for gardening, expansion, or simply more privacy than many neighboring homes. The 1,122 sqft living area is comfortably average for the area, and the home features a renovated basement and a detached garage.

Its primary appeal lies in this balance of a solid, established home on a standout lot within a mature neighborhood. The assessed value is notably modest compared to the street average, which could signal an entry point into the area or room for value growth. It suits practical buyers looking for a character home with space to breathe, who are comfortable with a property of this vintage and see potential in its existing updates and land size. It’s a home for someone who values a quiet, established community over brand-new construction, and who may view the below-average assessment for the street as a strategic advantage.

Frequently Asked Questions

1. What does the "renovated basement" typically include?
While specifics should be verified with a viewing or the listing agent, a renovated basement in a home of this era often means it has been finished into a livable space, potentially including a recreation room, additional bedroom, or updated laundry area, adding functional square footage.

2. How does the lower assessed value on the street affect property taxes?
A lower assessed value generally results in lower municipal property taxes compared to higher-valued homes on the same street. This can be a meaningful ongoing saving, but it's wise to budget for potential increases if the assessment is adjusted after a sale or significant improvements.

3. Is the detached garage a standard size, and what condition is it in?
Detached garages from this period are often single-car. Its condition—whether original, updated, or needing work—is a key consideration for parking, storage, and potential workshop space, and should be inspected.

4. What are the less obvious pros and cons of a larger lot?
Beyond more yard space, a larger lot can provide better drainage, more distance from neighbors, and future options. Considerations include higher maintenance (mowing, landscaping) and potentially higher costs for any fencing or hardscaping projects.

5. Given the home's age, what major systems should be prioritized for inspection?
For a house built in 1949, special attention should be paid to the age and condition of the roof, the foundation, the plumbing and electrical systems (to ensure modern safety and capacity), and the heating system, as updating these can be significant investments.