Property Overview
281 Overdale Street is a well-established one-storey home in Winnipeg's Deer Lodge neighbourhood. Built in 1926, it offers 1,390 sqft of living space and sits on a generous 5,999 sqft lot, featuring a detached garage and a renovated basement. Its assessed value is $380,000.
Key Characteristics & Appeal
This home presents a solid, grounded opportunity in a mature community. Its appeal lies in its spacious lot—larger than most in Deer Lodge—offering room for gardens, play, or expansion. The renovated basement adds functional living space, a valuable update for a home of this era. The detached garage provides flexible storage or workshop potential.
It stands out not for being the newest or largest, but for offering above-average lot size and a recently updated basement within a stable, established streetscape. The property’s metrics show it is consistently "around average" for its immediate street but becomes more competitive when viewed within the wider neighbourhood context, particularly for land size and assessed value.
This home would suit a practical buyer looking for character and space over modern flash. It’s ideal for someone who values a larger outdoor area, appreciates the charm and stability of an older neighbourhood like Deer Lodge, and is ready to maintain a centennial home. It could also appeal to a buyer viewing the lot itself as a long-term asset.
Frequently Asked Questions
1. How does this home compare to others on the street?
Based on available data, this home is generally around average for Overdale Street in terms of living area, assessed value, and land size. Its year built (1926) is also typical for the street.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on the scope, quality, or permits should be verified through a viewing and inspection. It indicates added living space beyond the original build.
3. Is the assessed value a reliable indicator of the sale price?
The assessed value of $380k is a municipal tax valuation. The last recorded sale was in November 2022 for $372,000. Market conditions determine the final sale price, so recent comparable sales in Deer Lodge should be reviewed.
4. What are the implications of a home built in 1926?
A home of this age offers character and established landscaping but requires diligent attention to aging components like plumbing, electrical, and the foundation. A thorough inspection is essential.
5. How does this property rank within the broader Deer Lodge neighbourhood?
The data shows this home ranks above average within Deer Lodge for both land area (top 15%) and assessed value (top 8%), suggesting it is a more substantial property within the neighbourhood context.