Property Overview & Key Characteristics
This two-storey home at 369 Albany Street in Winnipeg's Deer Lodge neighbourhood presents a solid, above-average offering within its immediate area. Its primary appeal lies in its generous proportions relative to nearby homes. With 1,362 sqft of living space, it ranks in the top 8% on its street and top 26% in Deer Lodge, offering more room than many local comparables. The nearly 5,000 sqft lot is also notably larger than most on Albany Street. A key feature is the renovated basement, adding functional living space. Built in 1946, the home is typical for the area's vintage, and it includes a detached garage.
The property would suit buyers looking for a character home in a stable, established neighbourhood who value space—both indoors and on the lot—over a brand-new build. It’s ideal for someone who appreciates a home that stands above its direct neighbours in terms of square footage and lot size, potentially offering better value and room to grow compared to other houses on the block. The renovated basement adds immediate utility, appealing to those needing a rec room, home office, or secondary suite potential.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
It is significantly larger than most homes on Albany Street and in the Deer Lodge area. Its living area is in the top quarter of the neighbourhood, meaning you get more interior space than about 75% of comparable local properties.
2. What is the significance of the assessed value?
The assessed value of $36,800 is above average for both the street and Deer Lodge, ranking in the top 11% locally. This often reflects the property's larger size and improvements like the renovated basement, though it's not a direct indicator of market sale price.
3. Is the lot size a notable feature?
Yes. At 4,996 sqft, the lot is in the top 20% on Albany Street, providing more outdoor space than is typical for the immediate area, which averages lots under 3,800 sqft.
4. The home was built in 1946. What should I consider?
While the home's age is average for Deer Lodge, prospective buyers should factor in the maintenance and potential updates common to houses of this era. The renovated basement is a positive, but a thorough inspection of major systems (roof, plumbing, electrical) is always recommended.
5. How does the last sale price relate to current value?
The home sold for $32,500 in December 2021. Market conditions, the renovated basement, and the home's strong ranking in key metrics like living area and lot size compared to neighbours are all factors that would influence its current market value.