Property Overview
This one-storey home at 406 Linwood Street in Winnipeg's Deer Lodge neighbourhood presents a practical opportunity. Built in 1952, it is notably newer than many surrounding homes. Its key feature is a generous 5,747 sqft lot, offering above-average outdoor space for the area. The living area is a manageable 1,028 sqft, and the basement has been renovated. There is no garage. The home’s appeal lies in its solid lot size, relatively modern construction for the street, and the potential that comes with a renovated basement. It suits first-time buyers, downsizers looking for single-level living, or value-oriented investors seeking a property with a strong land component in a stable neighbourhood. A thoughtful perspective is that while the house itself is modest in size and assessed value, the land represents a significant portion of the asset here, which can be a strategic long-term holding in a mature community.
Frequently Asked Questions
1. What is the property’s assessed value and what does it mean?
The assessed value is $29,500. This is a valuation for municipal tax purposes and is typically lower than market value. It indicates the home is considered a lower-value property on its street and within the city, which generally translates to lower property taxes.
2. How does the lot size compare?
The lot is 5,747 sqft, which is larger than average for both Linwood Street and the wider Deer Lodge area. This is a standout feature, offering more yard space than many neighbouring properties.
3. What should I know about the age of the home?
Built in 1952, this home is significantly newer than the average home on Linwood Street (avg. ~1940) and in Deer Lodge (avg. ~1943). This can suggest updated infrastructure compared to much older homes, though specific conditions should be verified by an inspection.
4. Are there any recent sales history details?
The home was last sold in October 2016 for $22,600. This historical price point, significantly below the current assessed value, is useful for understanding market trends but is not a direct indicator of current value.
5. What are the key comparisons for living space?
With 1,028 sqft of living area, the home is slightly below average for the city but comparable to the average for Deer Lodge. It offers a compact, efficient footprint suitable for smaller households.