Property Overview: 302 Linwood Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1940, offers a well-proportioned living space of 1,547 sqft on a generous 5,751 sqft lot in the established Deer Lodge neighborhood. Its primary appeal lies in its above-average scale and lot size for the immediate area, providing more room than many neighboring properties. A key feature is the renovated basement, adding valuable finished space. The home lacks a garage or pool, positioning it as a practical, no-fuss property.
The data suggests a solid, middle-ground investment. It’s not the newest or largest home citywide, but it consistently ranks above average within its own street and neighborhood for living area, land area, and assessed value. This indicates a property that holds its own in a desirable local context. It last sold in 2019 for $320,000, with a current assessed value of $340,000.
This home would suit a buyer looking for character and space in a mature neighborhood without the premium price of a fully modernized or brand-new home. It’s ideal for someone who values a larger yard and appreciates a home with a renovated lower level, but who doesn’t require attached parking or the latest build. It represents a pragmatic step into a stable community.
Frequently Asked Questions
1. How does this home compare in size to others nearby?
It ranks in the top 17% on its street for living area and the top 10% in the Deer Lodge neighborhood, meaning it offers more interior space than most comparable homes close by.
2. What is the significance of the assessed value versus the last sale price?
The assessed value ($340k) is higher than the 2019 sale price ($320k), which typically reflects market appreciation or improvements. It’s important to note that assessed value is for tax purposes; a market valuation may differ.
3. Are homes from 1940 a concern?
The build date is average for the area. While this means potential for character and sturdy construction, it also warrants a thorough inspection for updates to major systems like wiring, plumbing, and insulation, which may be due for renewal.
4. What are the implications of not having a garage?
This is a practical consideration for vehicle storage and winter weather. Buyers should budget for alternative parking solutions and factor in the time needed to clear a vehicle of snow and ice during colder months.
5. The lot size is above average for the area. What does that allow?
The larger lot (5,751 sqft) offers enhanced outdoor potential, such as gardening, recreational space, or future additions like a shed or detached garage, subject to local bylaws. It provides a greater sense of privacy and room than is typical on the street.