296 Guildford Street

Property Overview: 296 Guildford Street, Deer Lodge, Winnipeg

Key Characteristics & Appeal

This well-situated two-storey home in Deer Lodge presents a compelling blend of space, value, and established neighbourhood character. Built in 1950, it stands out as one of the newer homes on its street, offering modernized living with a renovated basement. With 1,348 sqft of living space and a generous 5,600 sqft lot, the property provides ample room for families or those who appreciate space. Its detached garage adds practical utility.

The primary appeal lies in its strong value proposition within a desirable community. The home’s assessed value ranks well above average for both the immediate street and the broader Deer Lodge area, suggesting a solid investment in a stable location. It suits practical buyers—such as growing families, value-conscious professionals, or long-term investors—who prioritize more space and a renovated basement over brand-new construction. A thoughtful perspective is that this home offers the "sweet spot" of post-war construction, often featuring robust building materials and simpler, more adaptable floor plans than much older homes, while being situated on a mature, spacious lot that is harder to find in newer subdivisions.

Frequently Asked Questions

1. How does this home’s value compare to the area?
The assessed value is in the top 11-13% for the Deer Lodge neighbourhood and on Guildford Street itself, indicating it is considered a higher-value property within this established area compared to its direct peers.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specific details on finishes, layout, or whether it includes a legal suite should be verified with the listing agent, as these factors significantly impact utility and value.

3. Is the lot size typical for the area?
At 5,601 sqft, the land area is very close to the average for both the street and Deer Lodge. It provides a good-sized yard, which is a standard and desirable feature for this type of neighbourhood.

4. Have there been recent sales, and what do they indicate?
The home sold most recently in December 2023. The sale price ranked in the top 3% for the street and top 10% for the area at that time, demonstrating strong market demand and a competitive purchase price relative to nearby homes.

5. What are the less obvious considerations for a home of this era?
While the 1950 build date is a positive relative to older homes on the street, a prospective buyer should still focus on the condition and age of major systems (like plumbing, electrical, and the roof) that may be due for updates, even if the basement has been recently renovated.