Property Overview: 359 Woodlawn Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1912, presents a classic character home opportunity in the established Deer Lodge neighbourhood. With 1,080 sqft of living space and a 4,805 sqft lot, its metrics are generally average for the area, offering a manageable footprint. The home features a basement and a detached garage. Its core appeal lies in its position as a relatively affordable entry point into a mature community, with an assessed value notably below the citywide average for comparable homes. The lot size, while not oversized, is practical and typical for the street.
This property would best suit a value-conscious buyer—perhaps a first-time homeowner, an investor, or a hands-on individual—who is comfortable with a home of vintage character. The buyer should be prepared for the realities of a 114-year-old structure, where the basement is noted as unrenovated and updates may be needed. It’s a home for someone who prioritizes location and lot potential over modern finishes, viewing the property as a solid foundation for a long-term home or a strategic investment in a stable neighbourhood.
Section 2: Frequently Asked Questions
1. What does “one-and-three-quarter storey” mean?
This is a common architectural style in Winnipeg, typically featuring a full main floor and a second floor where the roofline slopes inward, reducing the ceiling height or square footage in parts of the upper level. It often adds character but may have unique room shapes.
2. How significant is the age of the home (1912)?
It’s a defining characteristic. While it offers classic charm, it necessitates a thorough inspection focusing on foundational integrity, wiring, plumbing, and insulation. Its age places it among the older homes on the street and in the city.
3. The assessed value seems low compared to recent sale prices in the area. Why?
Municipal assessed value for taxation purposes often lags behind current market values and is calculated using mass appraisal techniques. The sale history shows it last sold in 2019 for $27,500, but the current market value would be determined by recent comparable sales, condition, and demand.
4. What is the potential of the unrenovated basement?
This represents both a project and an opportunity. It likely requires significant work to become finished living space, but it also allows a new owner to customize it to their needs, potentially adding valuable square footage. Moisture control and ceiling height should be key inspection points.
5. Is the detached garage a pro or a con?
It depends on the buyer’s needs. It provides secure storage or workshop space separate from the house. However, unlike an attached garage, it requires going outside in winter, and the space between buildings on the lot cannot be used for living area.