390 Moorgate Street

Property Overview: 390 Moorgate Street, Deer Lodge, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Deer Lodge presents a practical opportunity with a few distinct advantages. Built in 1949, it is notably newer than many of its immediate neighbors, which can suggest updated infrastructure or materials for its era. With 1,092 sqft of living space and a renovated basement, it offers functional space for a small family, couple, or first-time buyer. The property’s standout feature is its land: at 5,609 sqft, the lot is generously sized for the area, offering above-average outdoor space with potential for gardening, expansion, or simply more privacy.

Its appeal lies in this balance of a solid, post-war home on a larger, quiet street lot within a well-established neighborhood. The recently renovated basement adds immediate livable space without the need for a project. It suits buyers looking for a manageable home without the scale of a large renovation, who value yard space over sheer interior square footage. A thoughtful perspective is that its below-average assessed value for the street could indicate a lower property tax burden relative to the neighborhood, while the recent sale price suggests it was viewed as a fair market value.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others in Deer Lodge?
The living area is just below the neighborhood average, making it a moderately sized home for the area. The trade-off is a larger-than-average lot size, offering more outdoor space.

2. What does the “renovated basement” typically mean for a home of this age?
While specifics should be verified, in a 1949 home this usually indicates foundational upgrades like moisture management, modern insulation, and finished living space, adding crucial functional area.

3. The assessed value seems low. Does that affect the sale price?
Not directly. The assessed value is for municipal tax purposes. The home recently sold for $35,500, which is determined by the market and may reflect updates, condition, and lot value not fully captured in the assessment.

4. Is the lack of a garage a major drawback?
It depends on buyer needs. Many older homes in established neighborhoods like Deer Lodge lack garages. The large lot does provide space to add a shed or potentially a garage in the future, subject to local bylaws.

5. Who would this home not suit?
Buyers seeking a modern, open-concept layout or very large interior spaces may find the floor plan and square footage limiting. It’s best for those who appreciate the character of a mid-century home and prioritize lot size.