Property Overview: 467 Lyle Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Deer Lodge is a practical and well-situated property. With 1,053 sqft of living space and a renovated basement, it offers functional, single-level living. The detached garage and a solid lot size of nearly 4,800 sqft provide valuable utility and outdoor space. The home’s assessed value ranks above average for its immediate street, suggesting it is a well-regarded property in its micro-neighborhood.

Its primary appeal lies in its balance and location. It represents a straightforward, manageable home in a mature community. The data indicates it’s not an outlier in size or value, but a stable, average-performing property for the area—which can be a virtue for buyers seeking predictability and established character over flashy features. It would suit first-time buyers, downsizers looking for minimal stairs, or pragmatic investors seeking a rental property with a proven history in a no-fuss neighborhood. A thoughtful perspective is that its 1952 build date, while older, actually makes it a newer home compared to many in Deer Lodge, potentially meaning fewer immediate major retrofits than older peers.

Section 2: Frequently Asked Questions

1. How does this home compare to others on the street?
The home’s living area is typical for Lyle Street, but its assessed value is in the top 29% on the street. This suggests it may have above-average finishes, condition, or desirability compared to its direct neighbors.

2. Is the lot size a pro or con?
At 4,792 sqft, the lot is around average citywide but below average for the larger Deer Lodge area. It provides good yard space for a home of this size, but may not offer as much privacy or expansion potential as some larger lots in the community.

3. What does the sale history indicate?
The property last sold in September 2019 for $24.70k. This price is significantly below the current assessed value, which is common in Winnipeg and reflects the market value assessment system, not necessarily a direct market sale price. It indicates a longer-term owner.

4. Who might this home not suit?
Buyers seeking a large, modern open-concept layout or extensive square footage may find it limiting. The one-storey design and average living area are best for efficient living, not large gatherings or growing families needing multiple bedrooms.

5. What is the likely maintenance consideration?
Built in 1952, the core systems (roof, wiring, plumbing) are likely to have been updated over time, but a pre-purchase inspection is crucial to understand the remaining lifespan of major components, as with any home of this era.