Property Overview & Key Characteristics
This one-storey home at 373 Sackville Street in Winnipeg's Deer Lodge neighbourhood is a compact, post-war bungalow built in 1945. With 748 sqft of living space, it is a smaller home, ranking below the area and city averages for size. Its key features include a renovated basement and a detached garage. The lot is a notable asset at 4,695 sqft, which is larger than many on its own street, offering valuable outdoor space or future potential in a mature area.
The appeal lies in its efficiency and location. It represents an affordable entry point into the Winnipeg market, particularly suited for first-time buyers, downsizers, or investors seeking a manageable property. The below-average assessed value relative to the city suggests a lower property tax burden. The renovated basement adds functional living space, making the home feel larger than the main floor square footage implies. Its lot size is a less obvious advantage, providing a sense of privacy and room that is uncommon for homes of this vintage and price point in the area.
This property would best suit practical buyers who prioritize location and land over sheer interior size. It’s ideal for those comfortable with a cozy layout or who see potential in utilizing the generous yard and basement. It may also appeal to an investor looking for a stable rental in an established community.
Frequently Asked Questions
1. Is the house too small?
At 748 sqft on the main floor, it is compact. However, the renovated basement effectively doubles the usable living area, making it more functional for a small household or couple than the initial square footage suggests.
2. How does the assessed value affect property taxes?
With an assessed value significantly below the Winnipeg average, the municipal property tax bill for this home is likely to be proportionally lower, which is a key ongoing cost advantage.
3. What is the neighbourhood like?
Deer Lodge is a long-established, quiet residential area with mature trees. The property's rankings show it is typical for the neighbourhood in age and value, indicating a stable, non-luxury community.
4. Why is the lot size important?
The lot is larger than many on the street and in Deer Lodge. This not only provides more yard space but can also offer better privacy from neighbours and potential for additions, gardens, or sheds, subject to local bylaws.
5. When was it last sold and for how much?
The home was last sold in December 2016 for $220,000. This provides a historical price point, but the current market value would be determined by recent comparable sales and current conditions.