Property Overview

This one-storey home at 415 Winchester Street in Winnipeg's Deer Lodge neighbourhood presents a unique profile. Its key appeal lies in the combination of a very recent build (2021) on a substantial, mature lot. At just over 1,200 sqft of living space, the home itself is modestly sized compared to local averages, but it features a renovated basement and a detached garage. The property stands out statistically for its exceptionally low assessed value relative to its immediate street and neighbourhood, placing it in the top 1-3% of homes for that metric in the area, while its new construction date is a rarity among its older peers.

This property would suit a specific buyer: someone seeking a modern, low-maintenance home without sacrificing outdoor space, who is comfortable with a smaller interior footprint. It's also a compelling case for value-oriented buyers or investors attentive to assessment data, as the significant disparity between its assessed value and that of neighbouring properties is noteworthy. The renovated basement adds functional living space, making it practical for small families, downsizers, or first-time buyers looking in a well-established area.

Frequently Asked Questions

1. Why is the assessed value so much lower than neighbouring homes?
While specific assessment reasons aren't provided, the primary factor is likely the home's very recent construction (2021) compared to the neighbourhood's predominantly mid-20th century housing stock. Assessments consider property age and condition, so a newer home typically has a higher valuation. The data suggests this property is a notable exception that may warrant further inquiry.

2. Is the living space sufficient for a family?
At 1,229 sqft plus a renovated basement, the home offers functional space. It is smaller than the average on its street but comparable to the city-wide average. The layout and use of the basement will be key factors. It may suit a young family or those who prioritize newer construction and a large yard over a sprawling floor plan.

3. What are the implications of such a new home in an older area?
This is a significant advantage in terms of modern building standards, energy efficiency, and reduced immediate repair costs. However, it's wise to consider how the home's style and value fit within the context of the established community and whether it aligns with the long-term character of the street.

4. How does the lot size compare?
The lot is approximately 6,000 sqft, which is above average for both the street and the Deer Lodge neighbourhood. This is a major asset, offering ample private outdoor space—a feature often paired with much older homes in such areas.

5. The home sold in 2021; what does that indicate?
The sale in July 2021 was likely the original purchase from the builder. This means the current market listing represents the first resale, offering a rare opportunity to purchase a nearly new home without it being a direct builder sale.