Property Overview
This 1947 one-storey home at 381 Sackville Street in Deer Lodge presents a unique blend of characteristics. Its primary appeal lies in its generous 4,696 sqft lot, which is notably larger than most on its street and in the immediate area, offering valuable outdoor space and potential. The home itself is compact at 676 sqft of living area, with a renovated basement adding functional space. Its assessed value is modest relative to the wider city, positioning it as a more accessible entry point into the Winnipeg market.
This property would suit a first-time buyer, an investor, or a downsizer looking for a manageable footprint without sacrificing yard size. It’s for someone who values land over square footage and sees potential in a classic, well-located lot, possibly viewing the home itself as a canvas for future updates or expansion.
Frequently Asked Questions
1. Is the house too small?
At 676 sqft, the living area is below average for the neighbourhood and city. However, the renovated basement provides additional usable space, making the overall footprint more functional for daily life.
2. Why is the assessed value relatively low compared to the city average?
The assessed value reflects the home’s smaller size and older age relative to the broader Winnipeg market. It indicates a more affordable entry point, with value anchored significantly in the desirable lot size rather than the structure's square footage.
3. What does the large lot mean for me?
The lot is a standout feature. It offers ample room for gardening, recreation, or future additions like a deck, garage, or even an expansion of the home itself—a rarity compared to newer subdivisions.
4. How does the recent sale price compare?
The home sold for $285,000 in November 2024, which is above its $270,000 assessed value. This suggests strong market interest, likely driven by the lot size, renovated basement, and the overall affordability within the Deer Lodge community.
5. Is the age of the home a concern?
Built in 1947, it is older than the city average but is actually newer than many homes on its own street. This vintage suggests classic construction but means a thorough inspection is wise to understand the condition of major systems like plumbing, electrical, and the foundation.