Property Overview: 297 Sackville Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1941, featuring a renovated basement and situated on a standard-sized lot in the established Deer Lodge neighbourhood. With 758 sqft of living space, it is a notably smaller home, ranking below the average size for both the area and the city. Its recent sale price of $330k (September 2024) represents a significant increase from its 2019 sale price of $210k, indicating strong market appreciation.
The primary appeal lies in its efficiency and location. It offers a manageable footprint with modernized fundamentals (the renovated basement), making it a low-maintenance entry point into a mature, quiet neighbourhood. This property would suit first-time buyers seeking affordability in a stable area, downsizers looking to simplify without leaving the community, or pragmatic investors attracted by the recent value growth and rental potential of a compact, updated property. A thoughtful perspective is that its smaller size is an asset for those prioritizing utility costs and ease of upkeep over space, and its valuation, while below area averages, provides a realistic ownership opportunity in a high-priced market.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 758 sqft, it is smaller than the average Winnipeg home. The layout and the renovated basement will be crucial factors in determining if the space meets your needs. It is best suited for individuals, couples, or those comfortable with efficient living spaces.
2. Why did the price increase so much since 2019?
The jump from $210k to $330k reflects both the strong overall market appreciation in Winnipeg over that period and the value added by the basement renovation. It aligns the property more closely with current area prices for updated homes.
3. What is the Deer Lodge neighbourhood like?
Deer Lodge is a long-established, residential neighbourhood known for its quiet, tree-lined streets and community feel. It offers a blend of single-family homes and character, with convenient access to local amenities and major routes.
4. What does "below average" assessed value mean?
The assessed value for tax purposes is below the average for similar homes in Deer Lodge. This can be indicative of the home's smaller size and modest profile compared to others in the area, but it does not directly dictate market sale price, as seen in the recent $330k sale.
5. Are there any obvious concerns from the data?
The home's age (85 years) suggests that while the basement is renovated, attention should be paid to the condition of major original components like the roof, foundation, and mechanical systems during an inspection.