Property Overview: 264 Duffield Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This 1939 one-storey home in Deer Lodge presents a practical and affordable entry point into the Winnipeg housing market. With 900 square feet of living space and a renovated basement, it offers compact, efficient living on a standard 5,599 sqft lot. Its assessed value of $290k positions it below average for the street, neighbourhood, and city, suggesting a relatively accessible price point.
The primary appeal lies in its value proposition and location within a mature, established neighbourhood. It suits first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property without a major renovation project. A thoughtful perspective is that while the home ranks below average in size and value among its immediate peers on Duffield Street, it aligns more closely with the broader Deer Lodge averages. This indicates it’s a typical offering for the wider area, just situated on a street with some larger or higher-value homes. The renovated basement adds functional space, a key asset in a smaller footprint home.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes. At 900 sqft, the living area is below the average for Duffield Street and the Deer Lodge neighbourhood. This makes it one of the more compact options, which is reflected in its pricing.
2. What does the "below average" assessed value indicate?
An assessed value below local averages typically suggests a more affordable entry price compared to neighbouring properties. It often correlates with the home's smaller size and older age, but not necessarily its condition.
3. Who would this property be best suited for?
It's ideal for first-time buyers or those looking to downsize who prioritize location and affordability over square footage. The renovated basement also makes it suitable for someone needing a home office or flexible living space without an addition.
4. How does the lot size compare?
The lot is just under 5,600 sqft, which is slightly below average for Duffield Street but very close to the standard for Deer Lodge. It provides a decent outdoor space typical of the neighbourhood.
5. The home was last sold in 2017. What should I consider?
The 2017 sale price provides a historical benchmark, but market conditions have likely changed. It’s important to have a current market evaluation to understand today's value relative to that last transaction.