324 Mandeville Street

Property Overview

This 1987-built, one-storey home at 324 Mandeville Street in Deer Lodge offers a blend of modern convenience and established neighbourhood character. Its key appeal lies in its above-average living space (1,446 sq ft) for the area and a notably high assessed value, which ranks in the top 1% of homes on its own street. The home features an attached garage and a renovated basement, adding functional living space. The lot is a standard size for the community at just under 5,000 sq ft.

This property would suit buyers looking for a move-in-ready, single-level home in a mature Winnipeg neighbourhood. It’s particularly appealing for those who value a home that stands out in terms of municipal assessment within its immediate area, potentially indicating above-standard finishes or improvements. The 1987 build date is a less obvious advantage—it offers a more contemporary layout and systems than many area homes, while still being part of a well-established streetscape.

Frequently Asked Questions

What does the high assessed value relative to the street actually mean?
A municipal assessed value that ranks in the top 1% on the street typically reflects recent renovations, additions, or above-average condition and finishes compared to neighbouring properties. It's a strong indicator of the home's perceived value by the city assessor.

Is the living space size typical for Deer Lodge?
At 1,446 sq ft, the living area is above average for both Deer Lodge and Mandeville Street specifically, placing it in the top 17-22% of comparable local homes. This suggests a more spacious interior than many in the neighbourhood.

How does the 1987 build year compare to the area?
This home is significantly newer than most in Deer Lodge, where many homes date back to the early 1900s. Ranking in the top 2-4% for year built locally, it likely means fewer concerns with aging infrastructure found in century-old homes.

What is the significance of the sold price from 2022?
The 2022 sale price of $450k provides a recent market benchmark. Given the home's high current assessed value, it suggests significant equity may have been built or substantial improvements were made prior to that sale.

Is the lot size a constraint?
At 4,882 sq ft, the lot is average for Mandeville Street and Deer Lodge. It provides standard yard space for the area but is smaller than the Winnipeg citywide average, which is something to consider if extensive outdoor amenities are desired.