Property Overview
212 Moorgate Street is a solid, one-and-a-half storey home in Winnipeg's Deer Lodge neighbourhood. Built in 1940, it offers 1,325 square feet of living space on a 5,586 sqft lot, with a renovated basement and a detached garage. Its appeal lies in its established community setting and its position as a functionally average home within its immediate area—neither standout nor outlier in most metrics, which can mean predictability and value. It would suit first-time buyers or downsizers looking for a manageable, character home in a mature neighbourhood without the premium of a newer build or a larger lot. A thoughtful perspective is that its "average" rankings across Deer Lodge suggest it's a typical representation of the area, potentially making future valuations easier to gauge based on neighbourhood trends.
Key Details & Suitability
- Key Characteristics: This 1940s home features a renovated basement, detached garage, and a living area that is very typical for Deer Lodge. Its assessed value is above average for the neighbourhood, while its lot size is smaller than most on its specific street but average for the wider area.
- Primary Appeal: The appeal is grounded in neighbourhood stability and functional space. The renovated basement adds modern livability to a classic layout. Its metrics suggest it's a known quantity within a desirable established area, avoiding the surprises or premiums of more extreme properties.
- Ideal Buyer: This property is well-suited for practical buyers who value location and move-in readiness over size or newness. It fits those seeking a home in Deer Lodge without the upkeep of a very large lot or the price point of a top-tier, fully renovated character home. It's a pragmatic choice in a reliable neighbourhood.
Frequently Asked Questions
1. How does this home compare to others in Deer Lodge?
The home is very representative of the Deer Lodge area. Its living space and lot size are around the neighbourhood average, while its assessed value is slightly above average, placing it in the top 29% locally.
2. Is the lot size a concern?
The lot is smaller than most on Moorgate Street itself, but is typical for the broader Deer Lodge neighbourhood. This could mean less yard maintenance, which some buyers may prefer, but less private outdoor space than immediate neighbours.
3. What does the "above average" assessed value for the neighbourhood indicate?
An assessed value ranking in the top 29% for Deer Lodge suggests the property is viewed as having higher value than many comparable homes in the area. This can reflect factors like the renovated basement, condition, or specific location. It's wise to review recent sale prices (like the 2021 sale at $330k) for a current market perspective.
4. The home was built in 1940. What should I consider?
While the home is older than most on its street, its age is typical for Deer Lodge. The renovated basement is a positive update. A thorough inspection is recommended to understand the condition of major aging components like the roof, plumbing, and wiring.
5. Are there recent sales data for comparison?
The property last sold in July 2021 for $330,000. The provided data also lists nearby properties on the same street, which can be useful for comparing lot sizes and proximity, and homes with similar assessed values in other neighbourhoods for broader context.