400 Truro Street

Property Overview

400 Truro Street is a compact, one-storey home in Winnipeg's Deer Lodge neighbourhood. Its primary appeal lies in being a relatively affordable, low-maintenance entry point into the market, particularly suited for first-time buyers, downsizers, or investors. The home features a renovated basement and a detached garage.

While its living space (768 sqft) is notably below average for the area, the property presents a "right-size" opportunity for those seeking efficiency without excess. The assessed value is modest and in line with the street, suggesting a manageable tax burden. A thoughtful perspective is that this home, built in 1954, is actually newer than many in Deer Lodge, potentially meaning fewer immediate concerns with aging infrastructure compared to its older neighbours. The lot size is smaller than area averages, which translates to less yard work—a practical perk for some.

This property would best suit a pragmatic buyer whose priority is location and getting a foothold in the community, rather than spaciousness. It’s a practical choice for someone comfortable with a cozy layout who values the character of an established neighbourhood over square footage.

Frequently Asked Questions

1. Is this a small house?
Yes. At 768 square feet of living area, it is significantly smaller than the average home in Deer Lodge. This makes it efficient and easier to maintain, but requires thoughtful use of space.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. A viewing is essential to see the finish quality, ceiling height, and whether it includes a legal secondary suite or additional living space.

3. How does the assessed value relate to the likely sale price?
The property recently sold for $26,300k, which was very close to its $26,600k assessed value. This suggests the assessment is current and can be a reliable benchmark for market value, though final price always depends on market conditions.

4. What are the advantages of a smaller lot?
The lot is under 3,000 sqft, which is smaller than typical for the area. The advantage is significantly less yard maintenance. The trade-off is limited space for expansions, large gardens, or extensive outdoor recreation.

5. The home is described as "newer" for Deer Lodge. What does that mean?
Built in 1954, it is above average in age for its immediate street and the Deer Lodge neighbourhood. This is a relative positive, as it may have undergone updates over the years and could have fewer of the major systemic issues sometimes found in much older homes.