Property Summary: 367 Winchester Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Deer Lodge is a well-proportioned property that stands out for its above-average space and lot size within its immediate area. With 1,578 sqft of living area and a 6,003 sqft lot, it offers more room than most comparable homes on its street and in the neighbourhood. A key feature is the renovated basement, adding functional living space. The home’s assessed value places it in the top tier locally, suggesting it is a substantial property within the Deer Lodge community. Built in 1941, it is a character home typical of the area’s established streets.
Its appeal lies in offering a generous footprint and a sense of established stability in a mature neighbourhood. It suits buyers looking for a home with room to grow, both indoors and outdoors, without moving to the outer suburbs. It would particularly fit a family or a long-term buyer who values space over a brand-new build, appreciates the potential of a renovated lower level, and prefers the character and larger lot sizes found in older, core neighbourhoods. A thoughtful perspective is that while the home is older city-wide, its above-average rankings locally indicate it is a premium offering for Deer Lodge, appealing to those who want the best within a specific, established community rather than chasing city-wide trends.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living area is in the top 15% on its street and top 9% in Deer Lodge, meaning it is significantly larger than most direct comparable homes in the neighbourhood.
2. What does the assessed value ranking indicate?
With an assessed value in the top 9% for both the street and Deer Lodge, this property is considered among the higher-value homes in this specific area, which can reflect its size, condition, and desirability within the local market.
3. Is the older build year a concern?
While the 1941 build is below average city-wide, it is actually above average for Winchester Street and around average for Deer Lodge. This is typical for the neighbourhood, so buyers should expect the maintenance considerations of a character home, balanced with the established streetscape and lot size that era offers.
4. What is the significance of the lot size?
At over 6,000 sqft, the lot is larger than approximately 89% of properties on the street and 88% in Deer Lodge. This is a key asset, providing ample outdoor space that is harder to find in newer developments.
5. Has the property’s value been stable?
Based on the provided sale history, the home sold for significantly more in 2023 than in 2019. Its current assessed value is consistent with being a top-tier property in the area, suggesting it has maintained strong value within the Deer Lodge market.