Property Overview: 413 Sackville Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Deer Lodge is a property defined by its practical proportions and clear value proposition. Its key characteristic is a manageable 848 sqft living space, which is actually above average for Sackville Street itself. The lot size of 4,698 sqft is a notable asset, offering generous outdoor space that is well above the local street average, providing room for gardens, play, or expansion.
The appeal lies in its affordability and potential. With a relatively low assessed value and a recent 2023 sale price of $20.80k, it presents a very accessible entry point into the Winnipeg market. The home is older, built in 1948, and features an unrenovated basement, signaling it is likely a candidate for updates. This suits buyers looking for a footprint to customize over time or investors seeking a rental property with a low initial investment. It’s a straightforward home that prioritizes land size and location over modern finishes, ideal for a first-time buyer comfortable with a project, or someone looking to downsize into a single-level dwelling with a sizable yard without a premium price tag.
Section 2: Frequently Asked Questions
1. Is this a "tear-down" or a "fixer-upper"?
Given the low assessed and recent sale value paired with the desirable lot size, the property is likely viewed for its land value and redevelopment potential as much as for the existing structure. It could be either, depending on a buyer's goals and budget.
2. What does the "unrenovated basement" imply?
This typically means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, lighting, and possibly moisture management, but it also offers a blank canvas.
3. The home ranks low for assessed value locally. Is that a concern?
Not necessarily. It primarily indicates the property is valued significantly below its neighbours on Sackville Street, which reflects the current state of the home itself. This is the core of its affordability and opportunity.
4. What are the advantages of a larger lot on a street of smaller lots?
A larger lot in a consistent neighbourhood provides more private outdoor space, better potential for additions, and can offer a greater sense of openness. It may also hold longer-term value as larger parcels become rarer.
5. How should I interpret the sale price from 2023?
That price is a recent market data point that strongly suggests the property is being transacted based on its land value and condition. It sets a clear benchmark for the price range of similar opportunity properties in the area.