Property Overview
This one-storey home at 398 Linwood Street in Winnipeg's Deer Lodge neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a balance of a generous, above-average lot size and a recently renovated basement, contrasted with a modestly sized main living area. Built in 1952, it is a newer construction compared to many homes on its street and in the immediate area. The detached garage adds functional storage or workshop space.
The home would suit first-time buyers seeking an entry point into a established neighbourhood, or downsizers looking for a manageable single-level layout with a finished basement for extra space. Its assessed value is consistently average for its locale, suggesting it is priced in line with market expectations without premium. A thoughtful perspective is that while the house itself is compact, the lot offers valuable outdoor space and potential for gardening, expansion, or simply room to breathe—a feature becoming increasingly prized.
Frequently Asked Questions
1. Is the house smaller than average?
Yes. At 958 sqft, the living area is below the average for similar homes on Linwood Street, in Deer Lodge, and across Winnipeg. This indicates a more compact, efficient floor plan.
2. What are the standout features of the property?
The renovated basement and the land size are key assets. The lot of 5,747 sqft is notably larger than many in the immediate area, and the updated basement adds modern, finished living space.
3. How does the property's age compare to neighbours?
Built in 1952, it is relatively newer than many surrounding homes. On Linwood Street, it ranks in the top 6%, meaning it is younger than 94% of comparable houses in that direct grouping.
4. What does the assessed value tell me?
The assessed value of $31,700 is consistently around the average for the street and neighbourhood, indicating the property is not atypically over- or under-valued by the assessor compared to its direct peers.
5. Has the property value changed significantly?
Based on the last two sales, the sold price has increased substantially from $20,500 in 2016 to $360,000 in 2021. This dramatic rise likely reflects broader market trends and the basement renovation, but it is essential to review current market conditions for today's value.