Property Overview: 276 Sackville Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Deer Lodge presents a practical and affordable entry point into the Winnipeg market. Its key appeal lies in its balance of a generous, above-average lot size for the immediate street and a recently renovated basement, offering potential for additional living space or rental income. With 804 sqft of living area, the house itself is compact and manageable, suiting those looking to minimize upkeep.
The property’s assessed value positions it as a below-average investment for the broader Deer Lodge area and city, which can be attractive for first-time buyers or investors seeking a lower entry cost with room for value appreciation. The lot (4,695 sqft) is a standout feature, providing valuable outdoor space that is larger than many on Sackville Street—a perk for gardening, expansion, or simply enjoying more privacy.
This home would best suit a pragmatic buyer: a first-time purchaser comfortable with a smaller footprint, a hands-on investor interested in the renovated basement’s income potential, or a downsizer seeking a single-level layout without a sprawling yard to maintain. Its history of steady price increases over recent sales suggests a stable, incremental growth trajectory rather than a speculative boom, appealing to those with a long-term view.
Section 2: Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and licensing regulations if considering rental use.
2. How does the property’s value compare to the neighborhood?
The home’s assessed value is below the average for Deer Lodge. This can mean a more affordable purchase price, but it’s wise to research why—whether it’s due to the smaller living area, the home’s age, or other factors—to understand its value proposition fully.
3. What is the significance of the lot size?
The land area is a key asset. At 4,695 sqft, it’s larger than many lots on the same street, offering more flexibility than typical for the immediate area. This could be a future advantage for expansion, landscaping, or simply as a scarcity value in an older neighborhood.
4. Are there any major concerns with a home built in 1940?
While the home’s age is typical for the area, a thorough inspection is essential. Focus should be on the condition of major aging components like the roof, foundation, plumbing, and electrical systems, even with a renovated basement.
5. What does the sale history indicate?
The property has sold three times since 2018, each time at a higher price. This pattern indicates consistent, modest market appreciation. It’s worth exploring the reasons for the relatively frequent sales to ensure there are no underlying issues.