Property Overview
This one-storey home at 414 Truro Street in Winnipeg's Deer Lodge neighbourhood presents a compact and efficient living space. Its key appeal lies in being a more affordable entry point into a mature, established area. With 768 square feet of living space, a renovated basement, and a detached garage, it offers the essentials in a manageable package. The lot is modest at just under 2,800 square feet, which translates to less exterior maintenance. Notably, for its street, the home is newer than most, built in 1953. It would best suit first-time buyers, downsizers, or practical investors seeking a lower-maintenance property without the premium of a larger, modernized home. Its recent sale in May 2024 suggests a move-in-ready condition and a current market valuation.
Frequently Asked Questions
1. Is this a small house?
Yes. At 768 sq ft, the living area is below average for Deer Lodge, the street, and the city. It's a compact layout suited for individuals, couples, or those comfortable with efficient use of space.
2. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation in a home of this era typically means the basement has been finished into a usable living or recreational space, adding valuable square footage to the overall functional area.
3. Why is the assessed value so much lower than the recent sale price?
The municipal assessed value ($25.60k) is for taxation purposes and is often significantly lower than market value. The May 2024 sale price of $311,000 reflects the actual price a buyer recently paid.
4. What are the pros and cons of the lot size?
The pro is lower maintenance—less grass to cut and garden to manage. The con is limited private outdoor space and less potential for large additions compared to larger lots in the area.
5. How does this home compare to others on the street?
It ranks as newer than most homes on Truro Street but is smaller in size and has a lower assessed value than the street average. This indicates it's one of the more modest, potentially affordable properties on the block.