Property Overview: 298 Woodlawn Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1930, presents a classic and straightforward opportunity in the established Deer Lodge neighbourhood. Its key appeal lies in its solid fundamentals: a generous 4,801 sqft lot that ranks in the top 23% on its street, a functional 995 sqft living space, and a detached garage. The assessed value has seen consistent, moderate increases, suggesting stable underlying value in the area.
The property suits practical buyers looking for a ground-level living layout on a sizable lot, with the understanding that the home itself requires modernization. Its appeal is less about immediate move-in readiness and more about potential. It’s an ideal canvas for a buyer who values space over finish, perhaps a first-time homeowner comfortable with gradual renovations, an investor, or someone seeking a long-term property where the land itself is a significant asset. The rankings indicate it outperforms many area homes in lot size and age, offering a relative advantage in its peer group that isn't immediately obvious from the basic specs alone.
Section 2: Frequently Asked Questions
1. What is the condition of the basement?
The listing confirms a basement exists but specifies it is "not renovated." Buyers should anticipate it being in original or utilitarian condition, requiring inspection to understand its current state and potential.
2. How does this property rank compared to others in the area?
The provided rankings show this home consistently performs above average for its street and neighbourhood in key metrics like lot size, year built, and assessed value. This suggests it is a comparatively solid property within its local market context.
3. Has the property value increased?
Yes. The sales history shows it sold for $23,900 in 2019 and then for $28,100 in 2021, indicating appreciation over that two-year period. The current assessed value is slightly higher at $29,200.
4. What are the neighbours like?
The listing shows nearby properties on Woodlawn Street are similarly sized one-storey homes, indicating a neighbourhood of consistent character and scale, which often contributes to stable property values.
5. What type of homes do interested buyers also look at?
The "often also viewed" list includes a mix of larger, more renovated homes in nearby areas like Bruce Park, as well as similarly valued but smaller properties in neighbourhoods like King Edward. This indicates buyer interest spans from those seeking upgrade projects to those comparing value across different mature neighbourhoods.