Property Summary: 234 Albany Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Deer Lodge, built in 1918. With 736 sqft of living space, it is notably smaller than most area homes, placing it in the top 81% for size on its own street but in the bottom 5-6% within the wider neighbourhood and city. Its key updated feature is a renovated basement, adding functional space. The lot is a manageable 2,930 sqft, which is fairly typical for the immediate street but smaller than many in Winnipeg.
The primary appeal lies in its efficiency and location. It represents an affordable entry point into the Deer Lodge neighbourhood, likely requiring less maintenance and lower utility costs due to its size. The renovated basement adds valuable flexibility for storage, a home office, or recreational use. It recently sold in January 2025, indicating a move-in-ready condition.
This property would best suit a first-time homebuyer, a downsizer, or an investor looking for a practical rental. It’s for someone who prioritizes location and simplicity over square footage, and who sees the charm and lower overhead of a smaller, character home. A thoughtful perspective is that its smaller physical footprint can mean a smaller environmental footprint and more time spent enjoying the community rather than maintaining a large property.
Section 2: Frequently Asked Questions
1. Is the house unusually small?
Yes, for the Deer Lodge area. It is significantly smaller than the neighbourhood average, though it is more comparable to other homes on Albany Street itself. This is a defining characteristic of the property.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand its current condition and potential uses.
3. How does the assessed value relate to the sale price?
The 2024 assessed value was $24,400. It sold in January 2025 for $24,500, suggesting the sale price was very closely aligned with the municipal assessment at that time.
4. Is there parking or a garage?
The listing specifies there is no garage. On-street parking is typical for homes of this era in the area, but you should verify any specific parking regulations or permits with the city.
5. What are the long-term considerations for a 108-year-old home?
While the basement has been renovated, a home of this age will have a focus on maintaining its core systems (like plumbing, electrical, and the foundation). Its smaller size can make some updates more affordable, but a thorough inspection is essential to understand the condition of original elements.