Property Overview: 307 Woodlawn Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a classic character home opportunity on a standard city lot in the established Deer Lodge neighbourhood. With 1,018 square feet of living space and an unrenovated basement, it is a functionally sized home that sits below the average size for its immediate street and the city overall. Its assessed value is modest and aligns closely with averages for the area, suggesting a straightforward entry point into the market.
The primary appeal lies in its potential and location. It suits a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values a quiet, mature neighbourhood over brand-new finishes. This isn't a move-in-ready showcase; its value is in the solid foundation it provides. A thoughtful perspective is that its older vintage (108 years) offers architectural charm and a larger-than-typical lot for its area, providing room for gardening or expansion where many newer infill properties do not. The detached garage adds practical storage or workshop space. It’s a property for someone who sees a home as a long-term project to shape to their own taste, rather than a finished product.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,018 sqft, the living area is below the average for similar homes on Woodlawn Street and across Winnipeg. This indicates a more compact, efficient layout typical of its era.
2. What does the "unrenovated basement" imply?
This typically means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates and consider a thorough inspection to understand the state of foundational systems like plumbing, electrical, and insulation.
3. Is the assessed value a good indicator of the sale price?
Not directly. The assessed value ($32,400) is for municipal tax purposes. The home last sold for $300,000 in 2022. Market conditions, property updates, and demand will determine the final sale price, which is usually significantly higher than the assessed value.
4. What are the advantages of an older home like this?
Beyond character, older homes in established neighbourhoods often feature larger lots, mature trees, and stronger community roots. They can also be situated on quieter, tree-lined streets compared to newer subdivisions.
5. Who would this property not suit?
It may not suit buyers seeking a modern, low-maintenance, or immediately turn-key home. Those unwilling to handle gradual updates or the potential for older-home maintenance issues should consider newer builds.