268 Mandeville Street

Property Overview: 268 Mandeville Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1912, presents a classic character home opportunity in the established Deer Lodge neighbourhood. With 1,182 sqft of living space and a nearly 5,000 sqft lot, its size is comfortably average for the area, offering room to grow without being overwhelming. A key feature is the renovated basement, adding valuable finished space. The property includes a detached garage.

Its appeal lies in a compelling blend of historic charm and modern practicality within a mature community. The home’s assessed value ranks well above average for both its street and neighbourhood, suggesting it is viewed favourably relative to its peers. A less obvious perspective is the value of its 1912 construction; while older than most area homes, this can translate to unique architectural details and solid craftsmanship for buyers who appreciate authenticity over a newer build. The recent sale in late 2024 indicates a refreshed market valuation.

This property would suit a first-time buyer or a small family looking for a home with character in a stable neighbourhood. It’s also a fit for a buyer who values a renovated basement as immediate usable space and prefers the flexibility of a detached garage. The average-sized lot and home make it manageable while providing a solid foundation for personalization.

Section 2: Frequently Asked Questions

1. How does the age of the home (1912) affect it?
While significantly older than the neighbourhood average, an early 20th-century home often features durable construction and unique period details. Buyers should prioritize a thorough inspection to understand the condition of original systems and the scope of updates, like the basement renovation.

2. Is the sale price from late 2024 a reliable indicator of current value?
Yes, a sale within the past few months provides a very current benchmark, making it a strong data point for understanding the home’s market value compared to its longer-term assessed value.

3. What does the "above average" assessed value ranking mean?
This indicates that, for property tax purposes, this home is assessed at a higher value than many of its direct neighbours and similar homes in Deer Lodge. This often reflects desirable updates, lot attributes, or overall condition, but it's wise to confirm what specific features contributed to this.

4. Who might the detached garage appeal to?
Beyond vehicle storage, it offers excellent potential for a workshop, hobby space, or additional storage without encroaching on the home's living areas. It also provides flexibility for future landscaping or garden projects on the lot.

5. How does the living space compare to typical Winnipeg homes?
At 1,182 sqft, it is slightly below the city-wide average. This suggests an efficient, cozy layout rather than a sprawling one, which can be appealing for lower utility costs and easier maintenance, suiting a lifestyle that values simplicity or spends more time outdoors.