Property Overview
39 Deer Lodge Place is a compact, one-storey home built in 1962 on a modest lot in Winnipeg's Bruce Park neighbourhood. Its primary appeal lies in its value proposition and potential as a straightforward, low-maintenance property. The home is smaller than most on its street, with 1,114 sqft of living space and an unrenovated basement, and it sits on a lot that is below average in size for the immediate area. However, it benefits from a relatively newer build date compared to many neighbouring homes and a recent sale price that was considered above average for the broader neighbourhood. This combination suggests it may be priced accessibly relative to its location.
This property would suit a first-time buyer, an investor, or someone looking to downsize with a focus on land value in a established community rather than move-in-ready finishes. It’s a practical choice for those comfortable with a home that may require updates over time, viewing it as a solid entry point into the market.
Key Details & FAQs
- Key Characteristics: 1,114 sqft one-storey home built in 1962. Features an unrenovated basement, no garage, and no pool. The 3,967 sqft lot is smaller than most on the street.
- Primary Appeal: An affordable entry into the Bruce Park area with a home that is structurally younger than many in the neighbourhood. Its recent sale price history indicates perceived value in the local market.
- Ideal Buyer: Best suited for value-conscious buyers, investors, or those seeking a low-maintenance footprint who see potential in the location and are prepared for gradual updates.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the lot is smaller than the average on Deer Lodge Place, it is more in line with typical city lots. For buyers seeking lower outdoor maintenance or a more efficient use of space, this can be an advantage rather than a drawback.
2. What does "above average" sale price for the neighbourhood mean?
The home sold for $43,500 in July 2023, which ranked in the top 20% for the Bruce Park area at that time. This suggests buyers were willing to pay a premium relative to other neighbourhood sales, likely reflecting the home's condition, newer build date, or the specific demand for properties on this street.
3. Who might this home not suit?
It may not suit buyers looking for a recently renovated, move-in-ready property with ample indoor space or a large yard. Families needing multiple bedrooms or extensive living areas might find it too compact.
4. How does the 1962 build date compare?
Built in 1962, this home is significantly newer than the average home in Bruce Park (1940) and on its own street (1947). This can be a positive for systems, layout, or structural components that may have more modern features than older area homes.
5. What is the potential here?
The potential lies in the value of the land in a established neighbourhood and the opportunity to customize the home over time. The unrenovated basement and smaller footprint offer a manageable project for adding value through strategic updates, without the pressure of a massive, dated property.