Property Overview: 317 Mandeville Street, Winnipeg
Key Characteristics & Appeal
This one-storey home in Deer Lodge presents a practical and straightforward opportunity. Its key characteristics include a renovated basement, a detached garage, and a 1,073 sqft footprint on a near-5,000 sqft lot. Built in 1949, it is notably newer than many of its immediate neighbors, suggesting potentially fewer issues common to older construction. The home’s assessed value is consistent with the local area, indicating it is priced within the community norm rather than being an outlier.
The appeal lies in its modesty and functionality. It suits a first-time homebuyer, a downsizer, or an investor looking for a manageable property in a well-established neighborhood. The renovated basement adds flexible living space without the scale of a large, high-maintenance house. A thoughtful perspective is that while the living area is below average for its specific street, the lot size is standard and the home’s newer vintage could mean a more efficient layout and updated core systems compared to peers, offering a balanced trade-off.
Frequently Asked Questions
1. How does the home’s size compare to the area?
At 1,073 sqft, the living area is slightly more compact than the average home on Mandeville Street but is very close to the average for the wider Deer Lodge neighborhood. This suggests a efficient use of space that is typical for the community.
2. What does the assessed value tell us?
The assessed value is firmly average for both the street and Deer Lodge. This indicates the property is not uniquely over- or under-valued by the tax assessor compared to its immediate surroundings, providing a stable benchmark.
3. The home was built in 1949. Is that a concern?
While 77 years old, the data shows this home is actually one of the newer houses on its block. This relative age can be an advantage, as it may have benefited from building practices and materials that are somewhat more modern than many neighboring homes built in the 1930s.
4. What is the potential based on the lot?
The lot is just under 5,000 sqft, which is standard for the area. It offers typical backyard space for a mature neighborhood but is not an unusually large or sub-dividable parcel. Its value is in providing a established, green setting.
5. What can past sale data indicate?
The home sold previously in early 2021. The sale price at that time ranked in the top 75% for the street, meaning it sold for more than most nearby properties did around that period. This historical data points to a history of strong marketability on this block.