Property Overview: 455 Lyle Street, Winnipeg

Key Characteristics & Appeal

This one-storey home in Deer Lodge is a practical and well-situated property. With 945 sqft of living space, it is modestly sized but sits on a near-average 4,792 sqft lot for the street, offering decent outdoor space. A key feature is its renovated basement, adding functional living area, and it includes a detached garage. Built in 1952, it is notably older than many homes in the immediate Deer Lodge area, which may appeal to those who appreciate classic construction or see potential in a well-maintained vintage home.

Its primary appeal lies in its strong value proposition within its micro-market. The home’s assessed value ranks above average for Lyle Street itself, suggesting it is viewed favorably compared to its direct neighbors. This indicates a solid investment within the context of its own block. It would suit first-time buyers or downsizers looking for a manageable, single-level layout in an established neighborhood. The renovated basement adds flexibility for a home office, family space, or rental potential, making it a practical choice for those needing more utility than the main floor square footage alone might imply.

Frequently Asked Questions

1. How does this home compare in size to others nearby?
At 945 sqft, the living area is slightly below the average for both the Deer Lodge area and Winnipeg overall. However, it is closer to the average for homes specifically on Lyle Street, where it ranks in the top 63%.

2. Is the assessed value high for this area?
The assessed value is above average for Lyle Street itself (top 28%), indicating it is a higher-value home on its own block. It is around the average for the wider Deer Lodge neighborhood and city.

3. What does the lot size offer?
The lot is 4,792 sqft. It’s larger than the average lot on Lyle Street, providing more yard space than many immediate neighbors, though it is below the average lot size for the broader Deer Lodge area.

4. The home was built in 1952. Is that typical for Deer Lodge?
No, it’s older than most. This home is in the top 9% for year built in Deer Lodge, meaning it is one of the newer homes in a neighborhood with many older properties. This is a less obvious advantage for maintenance and system updates.

5. How does the last sale price relate to its value?
The home sold in July 2019 for $29.5k. It’s important to note this price is not comparable to current market values; the assessed value provides a more current benchmark for municipal valuation, which now stands at $32.70k.