Property Overview: 383 Overdale Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1941, presents a solid opportunity in the established Deer Lodge neighbourhood. Its key appeal lies in a combination of above-average investment in the property and a generous, private lot. The home itself, with 1,494 sqft of living space, is competitively sized for the area and features a renovated basement. The standout characteristic is the land: at nearly 6,000 sqft, the lot size ranks in the top 19% for Deer Lodge, offering significant outdoor space that is increasingly rare. This is complemented by a detached garage.
The home’s assessed value is notably high for the neighbourhood (ranking in the top 4%), which often reflects updates, condition, or desirable features not fully captured in basic metrics. This suggests the property has been maintained or improved beyond the typical area standard.
This property would suit a buyer looking for a character home with ample yard space for gardening, recreation, or future expansion. It’s ideal for those who value privacy and room to breathe over a brand-new build. The high assessment relative to the area also makes it a candidate for buyers seeking a move-in-ready property in a mature neighbourhood, where the premium paid is for condition and lot size rather than sheer square footage.
Frequently Asked Questions
1. How does the lot size compare to typical city lots?
At 5,998 sqft, the lot is larger than the average Winnipeg lot (~6,570 sqft is the city-wide benchmark for comparison groups). More importantly, it is significantly larger than the average for Deer Lodge, ranking well above the neighbourhood norm.
2. The assessed value seems high for the area. What does that indicate?
A high assessed value ranking often points to renovations, additions, or superior condition compared to neighbouring homes. The listing notes a renovated basement, which likely contributes. It suggests the property may have less immediate update needs than others in its price range.
3. Is the living space smaller than other homes on the street?
The living area is slightly below the average for Overdale Street itself but is above the average for the broader Deer Lodge area. It offers a comfortable footprint that is very typical for a character home of this era.
4. What is the significance of the detached garage?
A detached garage is a valuable asset, especially on a large lot. It provides flexible space for vehicles, workshops, or storage without encroaching on the living areas of the house, and it is a sought-after feature for many buyers.
5. The home was last sold in late 2021. What should I consider?
This indicates the current sellers have owned the property for a relatively short period. It’s wise to understand their reason for selling and to review what, if any, additional improvements have been made since their purchase to justify the current asking price.