Property Overview: 247 Woodlawn Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1949, presents a practical opportunity in the established Deer Lodge neighborhood. Its key characteristic is balance: with 1,318 sqft of living space, it sits comfortably around the average for the area, offering room for a small family or downsizers without the upkeep of a larger property. A recently renovated basement adds functional living space and modern appeal. The lot size of 4,797 sqft is notably smaller than many on its street, which translates to less yard maintenance—a potential perk for those seeking a low-maintenance outdoor space. The home’s assessed value is positioned in a more affordable tier compared to local averages, suggesting a value-oriented entry point into the neighborhood.
Its appeal lies in its straightforward, renovated condition within a mature community. It suits first-time buyers looking for a move-in-ready home without premium pricing, or practical investors seeking a property with recent updates. A less obvious perspective is that the smaller lot, while not offering expansive greenery, may foster a stronger sense of community closeness with neighbors and aligns with more efficient land use. The home doesn’t boast standout luxury metrics, but offers solid fundamentals for no-fuss living.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era often means updated finishes, improved lighting, and a converted space suitable for a family room, office, or additional bedroom, adding valuable functional square footage.
2. Is the smaller lot size a major disadvantage?
It depends on your priorities. It limits large garden or expansion potential but significantly reduces weekly yard work and upkeep time and cost, which many buyers appreciate for a better work-life balance.
3. How does the assessed value relate to the likely selling price?
The assessed value ($30.20k) is for municipal tax purposes and is typically far below market value. The 2019 sale price of $27.50k is also a historical figure. The current market price will be determined by recent comparable sales, condition, and demand.
4. What is the Deer Lodge neighborhood like?
Deer Lodge is a long-established residential area with a mix of older and newer homes. It offers a quiet, community-focused atmosphere with local parks and amenities, appealing to those who prefer a settled neighborhood over a new development.
5. Are there any obvious concerns with a home built in 1949?
While the renovated basement is a plus, a home of this age will have older core components. A thorough inspection is essential to assess the condition of the roof, wiring, plumbing, and foundation, which are typical focal points for pre-1949 construction.