Property Summary: 322 Sackville Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1940, situated on a notably generous lot for its Sackville Street location. With 798 sqft of living space, the house is smaller than both the neighbourhood and city averages, positioning it as a more manageable footprint. Its assessed value is significantly below average for the area, suggesting a potentially accessible entry point into the Deer Lodge community. The property features a detached garage and a full, unrenovated basement, presenting a blank canvas for storage or future development.
The primary appeal lies in its land value and location. The lot size is above average for the street, offering valuable outdoor space and potential in a well-established neighbourhood. This home would suit first-time buyers or practical downsizers seeking a lower-maintenance property with the lot size to allow for gardening, expansion, or simply more breathing room than newer infill lots typically provide. It’s a property where the value is grounded more in the land and location than in the current structure, appealing to those comfortable with a home that may require updates over time.
Section 2: Frequently Asked Questions
1. Is this a "tear-down" property?
Not necessarily. While the living area is modest and the basement is unrenovated, the home is likely functional. Its value proposition is a balance of a liveable existing house on a desirable lot, which could be updated, expanded, or eventually replaced, depending on the buyer's vision and budget.
2. Why is the assessed value so much lower than neighbouring homes?
The assessed value reflects the property’s current state, size, and features relative to the market. The smaller, older home with an unrenovated basement directly influences this valuation, which is typically based on mass appraisal models comparing key physical and locational characteristics.
3. What are the implications of an unrenovated basement?
It offers potential but requires inspection. It means the space is in original condition, which could involve older plumbing, electrical, or foundation materials. It’s a space for future finishing, but buyers should budget for necessary upgrades like moisture control or insulation to make it comfortable living space.
4. How does the lot size compare practically?
At just under 4,700 sqft, the lot is larger than many in the immediate vicinity. This translates to a more substantial backyard than you might expect, providing room for a sizeable garden, play area, or a future addition like a shed or deck, which is a key advantage.
5. What is the neighbourhood context of Deer Lodge?
Deer Lodge is a mature, residential neighbourhood in Winnipeg known for its tree-lined streets, community feel, and proximity to parks like Assiniboine Park and the Seine River. This location offers stability and convenience, though the home itself is smaller and more dated than the neighbourhood's average stock.