Property Overview: 331 Woodlawn Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Deer Lodge is defined by its practical layout and established neighbourhood setting. Built in 1925, its 914 sqft living area is modest compared to local averages, suggesting a cozy, manageable footprint. A key feature is the renovated basement, adding valuable finished space. The property sits on a roughly 4,800 sqft lot with a detached garage, offering typical outdoor space and storage for the area.
The appeal lies in its efficiency and location. With an assessed value that ranks above average for Deer Lodge, it presents as a solid, value-oriented entry into a mature community. The renovated basement immediately adds functional living area without the need for a primary renovation. It suits first-time buyers seeking a manageable home without major upfront projects, or downsizers looking for a single-level layout (with the basement providing extra room for guests or hobbies). A thoughtful perspective is that a smaller, well-maintained older home can offer lower utility costs and less space to maintain compared to larger, newer builds, aligning with a practical, budget-conscious lifestyle.
Section 2: Frequently Asked Questions
1. Is the house unusually small?
While its living area is below the average for Deer Lodge, it is a typical size for many older, character homes. The renovated basement effectively expands the usable space, making the overall footprint more practical.
2. What does the "above average" assessed value for the neighbourhood mean?
This indicates that, according to municipal assessment, this property holds a higher value relative to many other homes in Deer Lodge. It can signal a well-maintained home or a desirable lot within the community, but it's always wise to review recent sale prices for context.
3. What are the implications of a home built in 1925?
You benefit from established neighbourhood charm and likely a mature landscape. Buyers should ensure thorough inspections for aging components like plumbing, electrical, and the foundation, which are standard for any home of this era.
4. How does the lot size compare?
At just under 5,000 sqft, the lot is around average for the city and neighbourhood. It provides a decent backyard space and is typical for the area, not unusually large or small.
5. What can nearby sales tell us?
A nearby, very similar home on Woodlawn Street sold in early 2022. Reviewing its sale price and how it compares to this home's assessment and asking price can provide a concrete benchmark for current market value in this specific location.