Property Overview: 396 Truro Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in Deer Lodge is a classic Winnipeg character property, built in 1913. With 964 square feet of living space and a 2,795 sqft lot, it presents a more compact and manageable footprint compared to many modern homes. Its key appeal lies in its position as an entry-point opportunity in a well-established neighborhood. The home features a detached garage and a basement (noted as not renovated), and it last sold in 2017.
The data suggests this property is for a specific buyer. It suits a first-time homebuyer, an investor, or a hands-on individual looking for a lower barrier to entry into the market. Its assessed value is notably below averages for the street, area, and city, which could indicate a potentially lower purchase price or property tax burden relative to other homes. The appeal is grounded in practicality and potential rather than turn-key luxury. A thoughtful perspective is that its smaller scale and older vintage offer a chance for simpler, more efficient living without the upkeep of a larger, newer property. It’s a home for someone who values location and the possibility to personalize over immediate modern finishes.
Section 2: Frequently Asked Questions
1. What does "below average" assessed value really mean?
It means the city's assessed value for this home is lower than most comparable properties in its vicinity. This can sometimes correlate with a more accessible purchase price and will typically result in lower municipal property taxes.
2. Is the "not renovated" basement finished or usable?
The listing specifies the basement is "not renovated." Buyers should assume it is in original or utility condition, suitable for storage and housing mechanical systems, but not a finished living space without investment.
3. Who would this home not be suitable for?
It likely wouldn't suit buyers looking for a modern, move-in-ready home without projects, or those requiring significant space for a growing family. The smaller living area and likely need for updates are important considerations.
4. How significant is the 1913 build date?
As a 110+ year-old home, it offers classic charm but necessitates a thorough inspection. Buyers should budget for maintenance consistent with its age and be prepared for older mechanical systems, wiring, or insulation that may not meet current standards.
5. What is the context of the 2017 sale price?
The home sold for $170,000 in February 2017. This figure provides historical context, but the current market value will be determined by present market conditions, any changes made to the property since then, and its current state.