273 Overdale Street

Property Overview: 273 Overdale Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Deer Lodge is a study in contrasts, offering a blend of established neighborhood character and practical updates. Its key feature is a generously sized lot—at nearly 6,000 sq ft, the property offers above-average outdoor space for the Deer Lodge area, a significant perk for gardeners, families, or those valuing privacy. The home itself, built in 1926, is more compact in living area (1,235 sq ft) compared to others on its street, but benefits from a renovated basement, adding functional living space. A detached garage provides additional storage or workshop potential.

The appeal lies in its position as a solid, grounded property in a mature community. While the house may be modest in size relative to some neighbors, its assessed value ranks in the elite tier for Deer Lodge, suggesting it is well-maintained and considered a strong asset within the neighborhood. This isn’t a flashy, modern build, but a home with established roots and thoughtful updates. It would suit first-time buyers looking for a manageable footprint with a great yard, downsizers seeking single-level living in a stable area, or value-focused buyers who prioritize lot size and location over a large interior.

Section 2: Frequently Asked Questions

1. Is the house small for the neighborhood?
Yes, comparatively. The living area is below the average for Overdale Street itself. However, it is very close to the average for the broader Deer Lodge area, making it a typical size for the community.

2. What does the "Elite" assessed value ranking mean for Deer Lodge?
This indicates the property’s municipal assessed value is in the top 5% of all homes in Deer Lodge. It suggests the property is considered a high-value asset within the neighborhood, often reflecting factors like lot size, renovations, and overall condition relative to local norms.

3. How does the lot size compare?
The land area is a standout feature. At 5,999 sq ft, it ranks in the top 15% for Deer Lodge, meaning you get more yard space than most properties in the area—a valuable and less replaceable asset than interior square footage.

4. What is the significance of the renovated basement?
A renovated basement effectively adds usable living space to the home’s footprint, which is especially valuable in a one-storey design. It can provide crucial space for a family room, home office, or additional bedrooms without altering the main floor’s character.

5. The home is 100 years old. What should I consider?
While the basement renovation is a positive, a home of this age will have its original core systems and structure. A thorough inspection is essential to understand the condition of the foundation, roof, plumbing, and electrical systems, and to budget for ongoing maintenance consistent with a character home.