Property Overview
This one-and-three-quarter storey home on Duffield Street in Deer Lodge presents a classic Winnipeg character home built in 1920. With 1,192 sqft of living space and a 5,591 sqft lot, its size is squarely average for the area, offering comfortable room without being oversized. A key feature is the detached garage. The home’s assessed value is notably below average for the street and neighbourhood, which can indicate a different property tax calculation or, more commonly, that the home is in need of updates. The basement exists but is noted as not renovated. Its appeal lies in its established, quiet neighbourhood and the potential inherent in a solid older home on a good-sized lot. It would suit a buyer looking for a character property to gradually renovate to their own taste, or an investor seeking a value-priced entry into a stable area. A thoughtful perspective is that while the home ranks lower in comparisons for year and assessed value, this can represent an opportunity to add value in a neighbourhood where newer homes aren't being built, allowing for customization that newer homes don't offer.
Frequently Asked Questions
What does "below average" for assessed value really mean?
It means the city's assessment for tax purposes is lower than most comparable homes nearby. This often correlates with a home requiring modernization, but it can also result in relatively lower property taxes, which is a benefit for the new owner.
Is the basement finished or usable?
The listing specifically notes the basement is "not renovated." Buyers should anticipate an unfinished space that may require addressing foundational, moisture, or accessibility issues common to homes of this era.
How significant is the age of the home (1920)?
Very significant. A 106-year-old home will have classic charm but requires a proactive maintenance mindset. Key systems like plumbing, electrical, and the roof may need updating or have already been partially updated. A thorough inspection is essential.
The lot size is "below average" on the street but "around average" for the neighbourhood. Which is it?
Both can be true. The lot is smaller than most on Duffield Street itself, but is typical when compared to all lots in the wider Deer Lodge area. It remains a generous city lot by modern standards.
Why did the sale price jump from $23.1k in 2016 to $310k in 2024?
The 2016 sale price is almost certainly a nominal transfer price (e.g., between family members) and does not reflect market value. The 2024 sale of $310k is the true, recent market value.