Property Overview: 360 Truro Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Deer Lodge, built in 1918. With 943 square feet of living space and a renovated basement, it offers a practical layout on a standard city lot. Its primary appeal lies in its position as an affordable, no-frills entry point into the Winnipeg market. The home is notably unexceptional in its immediate neighborhood—ranking around average for size, value, and lot size on Truro Street itself—which can be seen as a mark of stability and predictability rather than standing out.
It would suit first-time buyers, downsizers, or practical investors looking for a straightforward property without premium costs. A thoughtful perspective is that its "average" rankings within its own street suggest it's a typical representation of the area, potentially simplifying valuation and reducing the risk of overpaying for location. The renovated basement adds functional space, which is a significant asset in a smaller home. However, its age and below-average rankings for lot size and home size compared to the wider Deer Lodge area indicate it's a more modest option within the community.
Frequently Asked Questions
1. Is this a good value for the area?
Based on assessed value, the property sits below the average for both the Deer Lodge neighborhood and the city overall, suggesting the asking price may reflect a relatively accessible entry point for the location.
2. What should I consider given the home's age?
Built in 1918, it is older than most homes on its street and in the city. Prospective buyers should pay close attention to the condition of major aging components like the foundation, plumbing, and electrical systems, even with a renovated basement.
3. How does the lot size compare?
The lot is approximately 3,641 sq ft, which is very typical for Truro Street but is below the average lot size for the broader Deer Lodge area. This means outdoor space is standard for the block but more compact than many surrounding properties.
4. What does the "average" ranking on its own street mean?
For key metrics like living area and assessed value, the home ranks near the middle compared to its immediate neighbors. This often indicates the property is a representative, benchmark home for the block, not an outlier in terms of size or perceived value.
5. Was the previous sale price typical?
The home last sold in September 2016 for $21,400. This price was below the average sale price at that time for its street, neighborhood, and city-wide, consistent with its character as a more modestly valued property.