Property Overview: 414 Linwood Street, Deer Lodge, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1920, presents a classic character property on a notably generous lot. Its key characteristic is the balance between a compact, 851 sqft living space and a land area of over 5,700 sqft, which is larger than most lots in the Deer Lodge neighbourhood. The home has a detached garage and an unrenovated basement.
The primary appeal lies in its potential and location. The sizable, above-average lot offers room for gardens, play, or future expansion, a rare find in the area. It suits a specific buyer: a handy first-time homebuyer, an investor, or a downsizer looking for a manageable footprint without sacrificing outdoor space. This is not a move-in-ready showhome but a solid foundation. Its assessed value is modest relative to the area, suggesting an entry point into the market for those willing to take on a property that may require personalization and updates over time. The charm is in the opportunity to grow into the home and make use of the land, rather than in immediate modern finishes.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 851 sqft, the living area is below average for the street, neighbourhood, and city. This indicates a cozier, more efficient layout, which can mean lower utility costs and less maintenance, but may require creative use of space.
2. Is the lot size a significant feature?
Yes. The 5,747 sqft lot ranks in the top 25-30% for Deer Lodge, meaning it’s substantially larger than many neighbouring properties. This is a key asset for privacy, outdoor activities, or future projects like a garden suite (subject to zoning).
3. What does the "unrenovated basement" imply?
It typically means the basement is in original or functional condition but hasn’t been modernized. It presents both a project and a blank slate. Buyers should budget for potential updates and have it inspected for moisture and foundation integrity.
4. The home sold for $280k in 2020. How is the assessed value only ~$29k?
In Manitoba, property assessments for tax purposes are not market valuations. The assessed value is a figure used to calculate your annual property taxes and is often significantly lower than what a home would sell for on the open market.
5. Who might this property not suit?
It may not suit buyers seeking a large, modern, turn-key home without any projects. The smaller living area and likely need for updates could be a drawback for those with a large family or who prefer immediate move-in convenience without DIY tasks.