Property Overview: 242 Guildford Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This one-storey home in Deer Lodge is defined by its balance of a modest, renovated living space on a generous lot. Built in 1928, the 922 sqft house is notably smaller than most comparable homes in its immediate area, city-wide, and neighborhood. However, this is offset by a fully renovated basement, adding functional space, and a detached garage. The true standout feature is the land: at 5,594 sqft, the lot size is significantly above average for Deer Lodge and offers substantial outdoor potential.
The appeal lies in this unique combination. It suits a buyer looking for an affordable entry into a mature neighborhood like Deer Lodge, who values a large, private yard over a large house. It’s ideal for downsizers, first-time homeowners comfortable with a cozy footprint, or investors seeking a character home with a rentable basement suite (subject to zoning verification). The recent basement renovation suggests move-in readiness, while the large lot presents a long-term opportunity for gardening, expansion, or simply enjoying ample outdoor space rarely found in newer subdivisions.
Frequently Asked Questions
1. Is the house too small for a family?
While the above-ground living area is compact, the renovated basement effectively doubles the functional space. It would suit a small or young family comfortable with efficient living, prioritizing a large yard for children to play.
2. Why is the assessed value relatively low compared to sale prices in the area?
The assessed value is a municipal calculation for tax purposes and often lags behind market values. The recent sale price and the value of the sizable lot, which may not be fully reflected in the assessment, are typically stronger indicators of market worth.
3. What are the implications of the home's age (1928)?
While offering classic character, it necessitates a diligent inspection. Focus should be on the foundation, wiring, plumbing, and insulation to understand any needed updates, though the renovated basement is a positive sign of recent investment.
4. How does the lot size benefit me?
The large lot is a rare asset. It provides privacy, space for additions like a shed or deck, and significant landscaping possibilities. For the right buyer, this outdoor space is a major lifestyle feature that compensates for the smaller interior.
5. What is the neighborhood like?
Deer Lodge is an established, quiet community with a mix of long-term residents and younger families. It offers a sense of stability and is known for its convenient access to parks, the Assiniboine River, and major routes, while maintaining a residential feel.