408 Albany Street

Property Overview

This one-and-three-quarter storey home on Albany Street in Deer Lodge presents a classic Winnipeg character home with distinct practical advantages. Built in 1927, its key appeal lies in a generous, above-average lot size of over 5,800 square feet—a rare find that places it in the top tier for land area within its immediate area. The home itself, with 1,040 sqft of living space and a renovated basement, offers a manageable footprint. It is complemented by a detached garage. The assessed value is notably below the averages for both the Deer Lodge neighbourhood and the city, which may indicate an entry point for buyers or reflect the home's vintage. Its appeal is grounded in space and potential: the large lot offers room for gardens, play, or expansion, while the home provides a solid, renovated foundation.

This property would suit a first-time buyer or a practical downsizer looking for a character home without an overwhelming amount of interior to maintain, who values private outdoor space above sheer square footage. It’s also a fit for a buyer with a vision for gradual updates or an addition, where the below-average assessment relative to the neighbourhood could be a long-term advantage.

Frequently Asked Questions

What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style where the second floor has slightly sloped ceilings because the roof line begins partway up the wall. It often provides cozy, character-filled bedrooms but with less full-height wall space than a pure two-storey.

How significant is the lot size here?
Very. The lot is over 5,800 sqft, which ranks in the top 4% on Albany Street. This is the property's standout feature, offering significantly more yard space than most neighbouring homes and presenting opportunities not available on a standard city lot.

The assessed value seems low compared to the area. Why?
Assessments are based on market value and physical attributes. While the lot is large, the home's older age (1927) and modest living area likely factor into an assessment that sits below the Deer Lodge average. It's important to get a current market evaluation from a realtor.

What are the implications of a detached garage?
It provides flexible storage or workshop space separate from the house. The main consideration is convenience during Winnipeg winters, as you'll need to go outside to access your vehicle.

Is the renovated basement a finished living space?
The details confirm a renovated basement, which typically means it has been updated and is habitable. However, specifics on layout, ceiling height, and permits should be verified through a viewing and inspection, as standards have changed since the home was built.