Property Overview: 279 Albany Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1919, presents a compelling mix of established character and practical space. Its primary strength is its generous 1,556 sqft of living area, which ranks in the top 2% of homes on Albany Street and the top 10% within the Deer Lodge neighbourhood, offering significantly more interior space than many comparable local properties. This makes it an excellent value-for-space proposition, especially when considered against its assessed value, which is around the neighbourhood average. The home sits on a modest 2,499 sqft lot and features an unrenovated basement, presenting a straightforward canvas for the next owner.
The appeal lies in its position as a spacious, well-located character home in a mature community. It suits buyers who prioritize interior square footage and the potential of a classic layout over a large yard or modern construction. It’s ideal for a growing family needing room to spread out, a practical investor, or a buyer comfortable with a home that may require updates over time. A thoughtful perspective is that its "below average" land area for the city translates to less exterior maintenance, a potential benefit for those seeking a more manageable property without sacrificing indoor living space.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living area is a standout feature. At 1,556 sqft, it is substantially larger than the average home on Albany Street (~971 sqft) and in the Deer Lodge neighbourhood (~1,197 sqft).
2. What is the condition of the basement?
The listing notes the basement is "not renovated." Prospective buyers should budget for potential updates and include a thorough inspection to understand its current state and any necessary improvements.
3. Is the assessed value a good indicator of the likely sale price?
The home’s assessed value is $28,700. Notably, a very similar neighbouring property at 271 Albany Street sold for $33,200 in July 2021, suggesting market value can differ from the assessed figure.
4. What are the implications of the smaller lot size?
The 2,499 sqft lot is smaller than most in Deer Lodge and Winnipeg overall. This means less private outdoor space but also reduced yard work. It’s a practical trade-off that helps keep the property manageable.
5. What type of buyer is this home best suited for?
This home is best for buyers seeking character and space over a turn-key renovation or a large yard. It’s a strong fit for those who want room to grow within a mature neighbourhood and are prepared to handle the maintenance and potential updates typical of a century-old home.