Property Overview
This one-storey home at 290 Conway Street in Winnipeg's Deer Lodge neighbourhood presents a specific and compelling value proposition. Its key appeal lies in the combination of a modest, renovated living space on a substantial, average-sized lot, all underpinned by an assessed value that stands out positively in its immediate area.
Key Characteristics & Ideal Buyer
The 912 sqft living area is notably compact, ranking below average for the street, neighbourhood, and city. This positions the home as a manageable, low-maintenance footprint. Its significant strength is a high assessed value relative to its peers on Conway Street and in Deer Lodge, suggesting official valuation recognizes factors beyond sheer size—likely the renovated basement and solid lot. The 1950 build date is older than most city-wide but is actually among the newest on its street. The detached garage and 5,595 sqft lot offer practical space and potential.
The property suits buyers prioritizing lot size and value over square footage. It’s ideal for a first-time buyer, a downsizer, or an investor seeking a character home with a strong assessment basis. Its appeal is practical: lower utility and upkeep costs due to its size, with the flexibility of a renovated basement and outdoor space. A less obvious perspective is that its above-average assessment on a street of mostly older homes could indicate it's a standout property in that specific micro-market, potentially offering stability.
Frequently Asked Questions
1. Is the house too small?
At 912 sqft, the living space is below average. However, the renovated basement adds functional space, making it suitable for individuals, couples, or small families who value efficient living and a larger lot over a sprawling floor plan.
2. Why is the assessed value so high compared to nearby homes?
The assessment is significantly above the street and neighbourhood averages. This typically reflects recent improvements (like the basement renovation), the lot value, and the property's condition relative to immediate comparables, not just its square footage.
3. What does the "Top 9%" rank for assessed value mean?
It means this home's assessed value is higher than 91% of the 109 comparable properties on Conway Street. This indicates it is officially valued in the top tier of homes on its own block.
4. How does the 1950 build date affect the home?
While older than the city average, it is actually one of the newer homes on its street (Top 4%). Buyers should still budget for maintenance consistent with a home of this age, but it may have newer infrastructure than some direct neighbours.
5. What are the advantages of a detached garage?
A detached garage provides flexible storage or workshop space separate from the house. It can also offer potential for future development or landscaping options on the lot that an attached garage would not.