Property Overview
282 Overdale Street is a character-filled, two-and-a-half storey home built in 1914, situated on a generous 6,031 sqft lot in Winnipeg's Deer Lodge neighbourhood. Its key appeal lies in offering above-average space—both in its 1,766 sqft living area and its sizable yard—within a stable, established community. The home presents a classic profile with a detached garage and an unrenovated basement, positioning it as a solid canvas rather than a turn-key property.
This home would best suit a specific type of buyer: those who value space and location over modern finishes, and who see potential in a property's underlying structure. It’s a strong match for a handy buyer or an investor looking for a hold-and-improve opportunity, given its assessed value remains competitive for the area. The data suggests it's a "larger-than-average" home for Deer Lodge, offering more interior room than 95% of area comparables. Its century-old charm comes with the understanding that updates and systems modernization will be part of the ownership journey.
Frequently Asked Questions
Is this a good value for the neighbourhood?
The assessed value is in the top 5% for Deer Lodge, but this correlates directly with its living area, which is also in the top 5%. You're paying for significantly more space than is typical here.
What does "basement not renovated" imply?
Expect a functional but dated space. This typically means the basement is unfinished or has original finishes, and may house older mechanical systems (furnace, plumbing, electrical) that could require inspection and potential future updating.
The home is older than most on the street. Should I be concerned?
Its age (1914) places it among the oldest 6% of homes on Overdale Street. This underscores the importance of a thorough inspection focusing on the foundation, structural framing, and historical updates to roofing, wiring, and insulation.
How does the lot size compare?
At over 6,000 sqft, the lot is above average for Deer Lodge (top 10%). This is a key asset, offering ample outdoor space for gardens, play, or expansion, which is less common in the area.
The home last sold in 2016. What does that indicate?
A seven-year ownership period suggests a stable history, not frequent flipping. It may indicate that major, unseen issues are less likely, but also that decor and appliances are likely from that era or older.