Property Overview: 234 Conway Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Deer Lodge is a solid, renovated property that offers value within a well-established neighbourhood. Built in 1949, its living area of 1,238 sq ft is comfortably above average for both the street and the local area, providing ample space. A key feature is the renovated basement, which adds functional living space. The property sits on a 5,589 sq ft lot, which is typical for Deer Lodge, and includes a detached garage.
Its appeal lies in its above-average positioning within a stable context. The home's assessed value ranks notably higher than many immediate neighbours, suggesting it has been well-maintained or improved relative to peers on Conway Street and in Deer Lodge. The recent sale price significantly exceeded the assessed value, indicating strong market interest. This home suits practical buyers looking for a move-in-ready character home without the premium of a newer suburb. It would particularly fit a small family, a couple, or an investor seeking a property with recent updates in a neighbourhood where values are holding strong compared to the immediate vicinity.
Frequently Asked Questions
1. How does this home compare in size and value to others nearby?
The home is larger than average for both Conway Street and the Deer Lodge area. Its assessed value is in the top 30% on its street and top 27% in the neighbourhood, indicating it is considered more valuable than many comparable nearby properties.
2. What does the "renovated basement" likely entail?
While specific finishes aren't listed, a renovated basement in a home of this era typically means it has been finished into a livable space, possibly including a recreation room, additional bedroom, or laundry area, with proper flooring, walls, and ceilings.
3. The home sold for significantly more than its assessed value. What does that mean?
Assessed value is for municipal tax purposes and often lags behind the current market. The higher sale price reflects what buyers were willing to pay in the open market at that time, likely driven by the home's condition, renovations, and market demand.
4. Is the lot size a disadvantage?
The lot is slightly smaller than average for Conway Street but is very typical for the wider Deer Lodge area. It provides a standard urban yard space. For buyers seeking a very large yard, it may be a consideration, but it is not unusual for the neighbourhood.
5. As a home built in 1949, what should I be mindful of?
While the basement is renovated, prospective buyers should still investigate the fundamental systems common to homes of this age, such as the condition of the roof, plumbing, electrical wiring, and foundation, to understand what modernizations have been completed.