Property Summary: 292 Albany Street, Winnipeg
Key Characteristics & Appeal
This 2017-built bi-level home in Deer Lodge offers a rare combination of new construction within an established neighbourhood. At 941 sqft, its living space is modest but efficiently designed for the area, ranking around average for Albany Street itself. The standout feature is its age: it is significantly newer than almost all homes in Deer Lodge and across Winnipeg, placing it in the top 1% and 5% respectively. This suggests modern building standards, energy efficiency, and minimal immediate repair concerns.
The home’s appeal lies in its turnkey condition and its position on a standard city lot. It suits first-time buyers or downsizers seeking a low-maintenance, modern property without leaving a mature community. It’s also a pragmatic choice for value-focused buyers, as its assessed value is above average for its immediate street, indicating solid perceived worth in its micro-market. A thoughtful perspective is that while the lot size is smaller than most in the wider area, this translates to less yard upkeep, aligning perfectly with a lock-and-leave or easy-living lifestyle. The unrenovated basement presents a clean slate for future expansion or storage, adding potential value.
Frequently Asked Questions
1. What does the "Elite" ranking for Year Built mean?
It means this home, built in 2017, is newer than over 99% of homes in the Deer Lodge neighbourhood and over 95% of homes citywide. You are getting one of the newest properties available in an area of mostly older, post-war homes.
2. Is the living space too small?
At 941 sqft, it is compact. It ranks around average for Albany Street but below the average for larger Deer Lodge and city-wide homes. It is best suited for individuals, couples, or small families who prioritize modern construction and efficiency over square footage.
3. Why is the assessed value higher than the street average?
The assessed value of $32.10k is above the street average of $27.50k, likely reflecting the premium for its very recent construction year compared to neighbouring, older homes. This can be a positive indicator of its relative value on the block.
4. What are the implications of a smaller lot size?
The lot is about 2,929 sqft, which is smaller than many in Deer Lodge. This means less outdoor maintenance and gardening, which is a benefit for some. However, it also means less private outdoor space for play or expansion compared to other area properties.
5. What should I know about the basement?
The listing notes a basement that is "not renovated." This means it is unfinished but usable for storage or utilities. It offers potential for future development (subject to permits and codes) but will require an investment to turn into living space.