Property Overview
This one-and-a-half storey home in Deer Lodge presents a practical opportunity in a well-established neighbourhood. Its key appeal lies in its balance of a renovated basement, a generous lot, and a location within a mature community. With 1,140 sqft of living space and a detached garage, it sits comfortably around the average for the area in both size and lot dimensions (5,599 sqft). The home is notably newer than many on its street, built in 1949, which is a relative advantage in this older pocket of Winnipeg. Its current assessed value is modest compared to broader city averages, potentially indicating room for value growth or an accessible entry point.
This property would suit a first-time homebuyer or a practical downsizer looking for a solid, no-frills home in a quiet neighbourhood. It’s also a candidate for a long-term holder who appreciates the stability of Deer Lodge and may see potential in the already-updated basement and the sizable, standard lot. The lower assessment, while below average on its street, could translate to correspondingly lower property taxes, an often-overlooked financial benefit.
Frequently Asked Questions
1. How does the home’s size compare to the neighbourhood?
At 1,140 sqft, the living area is very close to the average for both Moorgate Street and the wider Deer Lodge area, offering a typical amount of space for the community.
2. The assessed value seems low. Is that a concern?
The assessment is below the street and city-wide averages. This isn’t necessarily a red flag but should be understood. It could reflect the home’s specific condition, features, or the municipal valuation model. It often results in lower annual property taxes, which is a tangible benefit for the homeowner.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the permits, finish quality, and whether it includes a secondary suite or simply finished living space.
4. The home was last sold in 2016. What does that indicate?
A nine-year ownership period suggests the sellers were settled, which can point to a stable property and neighbourhood. It also means there may have been incremental updates during that time, beyond the noted basement renovation.
5. Is the 1949 build date a positive?
In this context, yes. For Moorgate Street, this home is among the newest, ranking in the top 4%. In an older neighbourhood, a newer build can mean updated construction methods for its era and potentially fewer immediate issues related to extreme age.