Property Overview: 249 Overdale Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Deer Lodge is a classic Winnipeg character property built in 1926, sitting on a generous, above-average lot for the neighbourhood. With 1,300 sqft of living space and an unrenovated basement, it presents a straightforward layout with clear potential. Its appeal lies in its established, quiet street and the valuable land parcel it occupies—a significant asset in a mature community. The detached garage adds practical utility.
The home suits two primary types of buyers. First, it’s a practical entry point for a handy first-time homeowner or investor comfortable with a property that requires updates, allowing them to add value over time. Second, it could appeal to downsizers seeking a manageable single-level layout in a stable neighbourhood, where the larger lot provides garden space without the maintenance of a multi-storey home. A less obvious perspective is its value as a "land play"; the lot size is notably larger than many in Deer Lodge, which could be a long-term advantage for expansion or redevelopment, subject to local zoning.
Section 2: Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly states the basement is "not renovated." Buyers should budget for potential moisture management, insulation, and finishing to make it a comfortable living or storage space.
2. How does the assessed value relate to the likely sale price?
The home last sold in 2020 for $33,600 and is currently assessed at $32,900. In today's market, the sale price will be determined by current demand, condition, and comparable sales, not the assessment. The assessment is primarily for municipal tax purposes.
3. What are the benefits of a larger lot in this area?
The 5,999 sqft lot is above average for Deer Lodge. This allows for more private outdoor space, gardening, parking, or storage. It may also provide future flexibility for additions, like a sunroom or shed, where smaller lots might not.
4. Is the home’s age a concern?
Built in 1926, the home will have the character and solid construction of its era, but also requires due diligence. A thorough inspection is essential to assess the state of major aging components like the roof, plumbing, wiring, and foundation.
5. What is the neighbourhood vibe in this part of Deer Lodge?
Overdale Street is a residential area close to parks, the Assiniboine River, and local amenities. The data shows home values here are stable and consistent. It offers a quiet, established community feel with good access to major routes.