Property Overview: 217 Linwood Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1940, presents a solid, no-fuss opportunity in the established Deer Lodge neighbourhood. With 1,435 sqft of living space and a 5,048 sqft lot, its metrics are consistently "around average" for its immediate street and area, indicating a home that fits comfortably within its community context without standing out for extreme size or assessed value. A key feature is the renovated basement, adding functional living space, and the property includes a detached garage.
Its primary appeal lies in its stability and neighbourhood integration. For buyers, this isn't a flashy project or a standout mansion, but a grounded home in a mature area. It would suit a first-time buyer looking for a move-in-ready character home without wild variables, or a downsizer seeking a manageable property with space for a garden or workshop in the detached garage. A thoughtful perspective is that "average" in this context means predictability—utility costs, renovation needs, and property taxes are likely to align with well-understood local norms, making long-term budgeting simpler. The recent sale in June 2024 suggests the market has already validated its current price point.
Section 2: Frequently Asked Questions
1. How does the "renovated basement" affect the living space?
The renovation adds functional space to the home's 1,435 sqft footprint. It's important to clarify the nature of the renovation (e.g., finished rec room, legal suite, storage) and whether it includes proper moisture control, which is a key consideration in basements of this era.
2. Is the assessed value a reliable indicator of the market price?
The assessed value ($31,200) is for municipal tax purposes and is typically lower than market value. The recent sale price of $38,300 (June 2024) is the current market indicator. Historically, the home has appreciated steadily, selling for $29,200 in 2016.
3. What are the implications of the home being "around average" for the area?
This statistical positioning suggests the property is neither over-improved nor under-improved for Deer Lodge. This can be an advantage for resale, as it appeals to the broadest segment of neighbourhood buyers, but it also means the home is unlikely to significantly outpace or lag behind area value trends.
4. What should I consider about a 1940s build?
While offering classic character, a home of this age will have older core systems (plumbing, electrical, foundation). The renovated basement is a plus, but a thorough inspection is crucial to understand the condition of original elements and the quality of any updates.
5. How does the detached garage impact utility?
A detached garage offers flexibility (e.g., for a workshop or storage without fumes entering the house) but means dealing with snow removal on a separate path in winter. It may also present potential for future renovation or expansion projects separate from the main house.