Property Overview: 201 Linwood Street, Deer Lodge, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-three-quarter storey home, built in 1918, presents a classic character property with a practical layout. Its key appeal lies in its above-average living space (1,619 sq ft) for both the Deer Lodge neighborhood and the city, offering more room than many comparable homes. The property includes an attached garage and a full, unrenovated basement, providing ample storage or future development potential. The lot, while slightly smaller than some on the street, is still a generous city size.
The home’s value proposition is nuanced. It has a notably low assessed value relative to the area, which can be attractive for property tax purposes. This, combined with its significant living area, suggests a property where the value is in the usable space and the lot rather than in high-end finishes. It would suit a buyer looking for a character home with room to grow, who is comfortable with a property that may require updates over time. It’s a practical choice for those seeking affordability per square foot in a well-established neighborhood, ideal for a hands-on owner, a small family needing space, or an investor recognizing the underlying value of land and square footage in a mature community.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
Assessed values are based on mass appraisal models and recent sales. A lower assessment can be due to the home’s age, the unrenovated state of the basement, and the specific market conditions at its last valuation. It often results in lower property taxes, which is a financial benefit to the owner.
2. What does "one-and-three-quarter storey" mean for the layout?
This style typically features a main floor and a second floor where the roofline slopes into the walls, creating cozy bedrooms with potentially sloped ceilings. It maximizes space efficiently and is a charming, common architectural style for homes of this era.
3. Is the unrenovated basement a concern?
Not inherently. It means the basement is in original or functional condition but hasn’t been modernized. It provides all the space for laundry, storage, or mechanical systems, and represents a clear opportunity for a future owner to customize it to their needs, budget, and timeline.
4. How does the lot size affect the property?
At just under 4,800 sq ft, the lot is smaller than some on the street but is still a very usable city lot. It may mean a smaller backyard than some neighbors but also less maintenance. The attached garage is a significant benefit on any sized lot.
5. The home is over 100 years old. What should I consider?
A home of this age has proven its durability but requires diligent maintenance. Prospective buyers should prioritize a thorough inspection focusing on the foundation, roof, wiring, and plumbing to understand the condition and plan for any necessary updates, while appreciating the solid construction and character that come with its history.