Property Overview: 414 Belvidere Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1914, presents a classic character home opportunity in the established Deer Lodge neighbourhood. With 960 sqft of living space, it is notably compact compared to area averages, suggesting a efficient, manageable layout. A key feature is its renovated basement, adding functional living space. The property sits on a roughly 4,800 sqft lot, which is typical for the immediate street and area.
Its primary appeal lies in its position as an accessible entry point into a mature community. The assessed value is significantly below averages for the street, area, and city, indicating a potentially lower price point that could attract first-time buyers or investors. It suits those seeking a character home without a massive footprint, who value location over size and are prepared for the maintenance considerations of a 110-year-old structure. A thoughtful perspective for the right buyer is viewing the smaller interior not as a limitation, but as a catalyst for minimalist living and lower utility costs, with the renovated basement offering crucial flexibility for a home office, studio, or additional storage.
Section 2: Frequently Asked Questions
1. What does the below-average assessed value practically mean?
While not a direct market price, a consistently low assessment relative to neighbours often correlates with a lower market value and property taxes, but it can also reflect the home’s smaller size, age, or required updates not captured in a basement renovation.
2. Is the smaller living area a major concern?
It depends on your needs. The home is in the bottom 25% for size locally. It would suit individuals, couples, or those comfortable with cozy spaces. The renovated basement is essential for making the overall living space workable.
3. What should I know about a house built in 1914?
Expect character but also the potential for aging components. While systems may have been updated, inquiries should focus on the roof, wiring, plumbing, and foundation integrity. Energy efficiency may not match modern builds.
4. How does the land size impact potential?
The lot is average for the area. It provides decent outdoor space but is not oversized for major expansions. Any future development would need to respect typical lot coverage bylaws for Deer Lodge.
5. What is the neighbourhood context of Deer Lodge?
Deer Lodge is a long-established residential area with a mix of older and newer homes. Its appeal includes mature trees and community stability. Proximity to schools, parks, the Assiniboine River, and major routes is a plus, but buyers should experience the specific street and nearby amenities firsthand.