Property Summary: 401 Moorgate Street, Deer Lodge, Winnipeg
Section 1: Overview & Appeal
This one-and-a-half storey home in Deer Lodge presents a practical opportunity with specific, grounded appeal. Its key characteristic is a generous, above-average lot size for the immediate area, offering more outdoor space than most neighbors—a notable asset in a mature neighborhood. The living space is modest at 1,069 sqft and is below average for the street, indicating a home focused on essentials rather than expansiveness. A renovated basement adds functional living area.
The primary appeal lies in its value proposition within a well-established community. With an assessed value positioned below the street average, it represents a potentially more accessible entry point into Deer Lodge. The home suits first-time buyers or practical downsizers who prioritize a larger yard and neighborhood character over a large interior footprint. It’s for someone who sees potential in the land and the renovated basement, and who is comfortable with a home whose interior size is compact relative to the property.
A less obvious perspective is that its 1949 build date is actually newer than most on the block, which may suggest updates over time or slightly different construction materials compared to immediate peers. This isn't a standout luxury property, but a straightforward home where the value is tied closely to the land and location.
Section 2: Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. The living area is below the average for Moorgate Street, ranking in the top 73% (meaning 72% of comparable homes on the street are larger). The home offers efficient, compact living.
2. What is the standout feature of this property?
The land. The lot size of 5,613 sqft ranks in the elite top 5% for Moorgate Street, meaning it is larger than approximately 95% of comparable lots on the street.
3. How does its value compare to the area?
Its assessed value is below the average for Moorgate Street but around the average for the wider Deer Lodge neighborhood. This suggests it may be priced more accessibly than its immediate neighbors while being typical for the community.
4. What does the "renovated basement" include?
The provided details confirm the basement is renovated but do not specify the scope or finish. This is a key item to clarify with the listing agent to understand the added living space and quality.
5. When was it last sold, and for how much?
The property sold in November 2022 for $330,000. This recent sale price provides a concrete benchmark for current market comparison.