Property Overview: 242 Duffield Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Deer Lodge is a practical property that balances space, location, and value. With 1,256 sqft of living space, it sits comfortably around the average for the neighborhood, offering a manageable size for a variety of households. A key feature is the renovated basement, which adds functional living or storage space. The property sits on a roughly 5,600 sqft lot, providing decent outdoor space for a mature neighborhood, and includes a detached garage.
The primary appeal lies in its position as a solid, no-frills home in a well-established area. Its assessed value is notably below average for the street and neighborhood, which can signal an entry point for buyers or reflect the home’s older age (built in 1930). This isn't a modern showhome, but a character property with practical updates. It would suit first-time buyers looking for a foothold in a stable community, value-conscious investors, or downsizers who appreciate the single-level living potential of the main floor and the extra space a renovated basement provides. A thoughtful perspective is that homes of this era on larger-than-average lots in established areas often hold long-term redevelopment or expansion potential, adding a layer of future flexibility.
Frequently Asked Questions
1. What does the "below average" assessed value mean for me?
A lower assessment compared to nearby homes often translates to relatively lower property taxes, which is a tangible ongoing saving. It can also indicate a price point that leaves room for value-adding improvements.
2. How does the age of the home (1930) affect it?
While charm and sturdy construction are benefits, it's wise to budget for maintenance or updates consistent with a home of this era, such as older windows, plumbing, or electrical systems. The renovated basement is a positive modernizing step.
3. Is the living space sufficient for a family?
At just over 1,250 sqft, it's comparable to many homes in the area. The renovated basement effectively increases usable space, making it workable for a small to medium-sized family, though the one-and-a-half storey layout may mean cozier upper-floor bedrooms.
4. What are the advantages of a detached garage?
It provides flexible storage or workshop space separate from the house. However, it also means dealing with a separate structure for maintenance and a walk to your vehicle in winter weather.
5. The home sold twice recently (2016 & 2019). Should I be concerned?
Not necessarily. The stable sale prices in that period suggest it was likely an investment property or a situation with a short-term hold. A proper home inspection is always recommended to understand the property's current condition regardless of its sales history.