Property Overview: 280 Moorgate Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Deer Lodge offers a blend of established character and practical updates. With 1,347 sqft of living space, it sits above average for both its street and neighborhood, providing comfortable room for a family or those who appreciate spacious interiors. A key feature is the renovated basement, adding valuable finished space. The property sits on a standard city lot of just over 5,500 sqft and includes a detached garage.
Its primary appeal lies in its strong positioning within a desirable, established community. The data reveals that for its immediate area, this home ranks notably high in both assessed value (top 17%) and year built (top 4%, being newer than most on the street). This suggests a property that has been maintained or updated in ways that are recognized in its valuation, standing out among its peers. It suits buyers looking for a move-in-ready home in a mature neighborhood, who value space and a sense of solidity over a brand-new build. It’s particularly fitting for those who appreciate a home with a history but without the major deferred maintenance sometimes associated with older properties.
Section 2: Frequently Asked Questions
1. What does the "Top 4%" ranking for year built mean?
This means the home, built in 1949, is newer than 96% of comparable properties on Moorgate Street. It indicates a street with many older homes, making this one a relatively younger property in that specific context.
2. Is the assessed value the same as the market value?
No. The assessed value of $350k is for municipal tax purposes. Market value is determined by what a buyer is willing to pay in the current market, which can be higher or lower. The assessment does, however, show the home is valued well above the local average for its area.
3. What is the significance of having a renovated basement?
Beyond adding functional living space, a professional renovation can address foundational concerns like insulation, moisture control, and electrical updates in older homes. This can be a major cost already accounted for, offering peace of mind.
4. How does the lot size compare?
At 5,595 sqft, the lot is very typical for the Deer Lodge area. It provides standard backyard space for gardening or recreation but is not an unusually large or small parcel for the neighborhood.
5. The home last sold in 2016. What should I consider?
While it suggests longer-term ownership, which can be positive, it’s important to have a professional inspection focused on systems that may be nearing the end of their lifespan (like the roof, HVAC, or major appliances) after eight years, regardless of the basement renovation.