Property Overview
This one-and-a-half storey home on Duffield Street in Deer Lodge presents a specific and compelling value proposition. Its key appeal lies in the combination of a generous, above-average lot and a recently renovated basement, all anchored by a very low municipal assessed value. At approximately 1,116 sqft of living space, the house itself is modest and slightly below average for the immediate street, but it sits on a sizable 5,613 sqft parcel of land that ranks well within the neighborhood. Built in 1949, it is a relatively newer home among its local peers. The standout financial characteristic is its assessed value of $25,600, which is notably lower than most comparable homes on the street, in Deer Lodge, and across Winnipeg.
This profile would suit practical, value-oriented buyers. It's ideal for a first-time homeowner comfortable with a home that has room to grow over time, or an investor looking for a property with a low tax base and renovating potential. The large lot is a significant asset for those who prioritize outdoor space, gardening, or future expansion over immediate square footage. It’s a property that asks the buyer to see potential and value beyond the current living area metrics.
Frequently Asked Questions
Q: What does the very low assessed value mean for me as a buyer?
A: It primarily indicates a lower annual property tax burden, which is a direct, ongoing cost savings. It's important to note that assessed value is not market value; the sale price is determined by the market and will likely be higher.
Q: The living space is noted as below average for the street. Is the house particularly small?
A: At 1,116 sqft, it is functional but compact relative to some neighbors. The appeal is balanced by the renovated basement, which adds usable space, and the much larger-than-average lot size, offering valuable outdoor room.
Q: How does the 1949 build year compare to the area?
A: In the context of Deer Lodge and Duffield Street, a 1949 build is actually considered newer than average. This can sometimes mean updated infrastructure or building materials compared to much older homes in the area.
Q: What is the significance of the large lot?
A: The 5,613 sqft lot is a key feature. It provides ample yard space, greater privacy, and future potential not found in properties with standard or narrow lots. This is a permanent asset that adds long-term value.
Q: The home last sold in 2016. Should that be a concern?
A: Not necessarily. An eight-year ownership period suggests stability. It does, however, make it important to understand what updates or maintenance have been undertaken since that time, as the sale price from 2016 is not relevant to today's market value.