Property Overview: 355 Conway Street, Deer Lodge, Winnipeg
Key Characteristics & Buyer Profile
This two-storey home in Deer Lodge offers a practical blend of space and location. With 1,344 sqft of living area, it sits above average for both its immediate street and the broader neighbourhood, providing comfortable room for a family or those who value extra space. A key feature is the renovated basement, adding functional living area. The lot is a notable asset at over 5,600 sqft, offering generous outdoor space that is well above the norm for Conway Street itself.
The home’s appeal lies in its established, quiet setting within a mature neighbourhood, coupled with the value of a move-in ready basement. The data suggests a property that is newer than most on its block (built in 1950), which can hint at potentially updated core systems compared to immediate neighbours. It suits first-time buyers or young families looking for a character home with a solid foundation and room to grow, without the premium price tag of a fully modernized showhome. A thoughtful perspective is that the assessed value is modest relative to the physical space offered, which could present an opportunity for buyers focused on long-term equity growth through strategic updates over time.
Frequently Asked Questions
1. How does the home’s size compare to others in the area?
The living space is above average for both Conway Street and the Deer Lodge neighbourhood, ranking in the top 30%. You get more interior space than many comparable local homes.
2. What is the significance of the lot size?
At 5,605 sqft, the lot is a standout feature on this street, ranking in the top 20%. It provides ample backyard space for gardening, play, or entertaining, which is less common on this specific block.
3. The assessed value seems lower than some neighbours. Why?
While the assessed value is around the Winnipeg average, it ranks below average for Conway Street. This can be due to a variety of factors, including the specific appraisal of finishes, the style of home, or the timing of renovations relative to assessment dates. It does not necessarily reflect the market sale price.
4. Has the property value been stable?
Recent sale history shows a significant increase in sale price from 2017 to 2024, indicating strong appreciation over that period. This trend aligns with broader market movements and suggests the area has been desirable.
5. What does "newer than most on the block" mean for a 1950s home?
Built in 1950, this home is among the newest on its street (top 4%). In an older neighbourhood, this can sometimes correlate with differences in original construction materials, floorplan layouts, or the potential age of major components like wiring or plumbing compared to even older homes.