Property Overview: 237 Conway Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Deer Lodge presents a distinct value proposition centered on its lot and location rather than its size. Built in 1946, the 914 sqft living area is notably compact, ranking below average for the street, neighborhood, and city. However, its assessed value is well above average for both Conway Street and Deer Lodge, suggesting the value is driven by other factors.
The primary appeal lies in its generous 5,588 sqft lot, which is typical for the area and offers significant outdoor space and potential in a mature neighborhood. The home features a renovated basement and a detached garage. It suits practical buyers looking for an entry point into a stable community—perhaps downsizers, first-time buyers, or investors—who prioritize land size and location over a large interior footprint. The data suggests you're buying a property where the underlying land asset is strong, with the house itself representing a renovation or redevelopment opportunity over time.
Section 2: Frequently Asked Questions
1. Is the house particularly small?
Yes. At 914 sqft, the living space is significantly smaller than most comparable homes on the street and in Winnipeg overall. The layout and functionality of the space will be a key consideration.
2. Why is the assessed value high relative to the home's size?
The assessment likely reflects the desirable lot size, the renovated basement, and the property's standing in a well-regarded neighborhood like Deer Lodge. Value here is tied more to the land and location than to the square footage of the house.
3. What is the neighborhood like?
Deer Lodge is an established, mature neighborhood. The proximity of other homes on Conway Street and the consistent year-built data (1940s) indicate a stable, classic Winnipeg streetscape.
4. Are there any obvious concerns?
The age of the home (80 years) means potential buyers should budget for updates to major aging systems, such as plumbing, electrical, or the roof, even with a renovated basement.
5. What was the previous sale history?
The home sold previously in October 2016 for $28,500. The current assessed value of $36.9k indicates a significant increase in valuation over that period, reflecting market changes and any improvements made.