Property Overview: 275 Woodlawn Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, century-old (1918) one-and-a-half storey home in the established Deer Lodge neighbourhood. With 1,018 sqft of living space and a 4,799 sqft lot, its key characteristics are its smaller scale and notably low municipal assessed value. The home has a basement, but it is not renovated, and there is no garage or pool.
The primary appeal lies in its position as an entry-point property. Its low assessment suggests a potentially lower property tax burden, which, combined with its last sale price, indicates it could be one of the more accessible single-family homes in the city. It suits first-time buyers, investors, or downsizers seeking a straightforward, lower-maintenance footprint without a major renovation project. A thoughtful perspective is that a home of this vintage and scale in a mature neighbourhood often offers character and simpler living, appealing to those prioritizing financial flexibility and location over modern size and finishes. Its below-average rankings in most metrics for the street and area underscore its role as a practical, no-frills option rather than a standout luxury property.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
Municipal assessments in Winnipeg are for taxation purposes and are not intended to reflect market value. They are based on mass appraisal techniques and can lag behind current market conditions, especially after recent sales.
2. What does "basement, not renovated" typically mean for a home from 1918?
It likely indicates an original or utility-style space with concrete walls and floors, housing mechanical systems like the furnace and water heater. It may offer storage or laundry space but would not be considered finished living area.
3. How does the lack of a garage affect daily life and value?
It means relying on street parking, which requires a permit in many Winnipeg neighbourhoods. This can be a consideration in winter. The value impact is relative to buyer needs, but it contributes to the home's lower-maintenance profile and price point.
4. The home ranks "below average" on its street for size and value. Is that a concern?
Not necessarily. It confirms this is one of the smaller, more modest homes on the block. For the right buyer, this means a lower entry cost into a potentially more desirable street or area where other homes are larger and more valuable.
5. Who might this property not be suitable for?
It would likely not suit buyers who need ample indoor living space, dedicated parking, modern open-concept layouts, or who are unwilling to live with the functional limitations of an older home and an unfinished basement.