Property Overview: 415 Albany Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1946, featuring a renovated basement and a detached garage. Its primary appeal lies in being an affordable entry point into the established Deer Lodge neighbourhood. At 690 sqft, the living space is notably smaller than most area homes, which positions it well for first-time buyers, downsizers, or investors seeking a manageable property. The lot size is fairly typical for its immediate street but is smaller than many in the wider area, suggesting lower maintenance.
A thoughtful perspective is its assessed value, which is average for Albany Street itself but below average for Deer Lodge and the city. This indicates you're paying primarily for location within a stable community, not for square footage. The recently renovated basement adds functional living space, which helps offset the smaller main floor. This property suits those who prioritize neighbourhood character and affordability over interior size, and who are comfortable with a home whose value is driven more by its land and location than by its structure.
Frequently Asked Questions
1. Is the house too small?
At 690 sqft above grade, it is significantly smaller than the typical Winnipeg home. However, the renovated basement provides additional finished space. It's a practical fit for individuals, couples, or those comfortable with compact, efficient living.
2. Why is the assessed value relatively low?
The assessment reflects the home's smaller size and older age compared to city-wide averages. It's more in line with values on its own street, suggesting the assessment accurately represents the scale of homes in this specific part of Deer Lodge.
3. What is the neighbourhood like?
Deer Lodge is a long-established, quiet residential neighbourhood in Winnipeg. This section of Albany Street consists of similar vintage, modestly sized homes, offering a cohesive community feel.
4. What are the long-term considerations?
As a 1946 build, future maintenance typical of homes this age should be anticipated. The smaller size may also affect resale value appreciation compared to larger homes, though the desirable location provides a stable floor.
5. How does the last sale price compare?
The home sold in November 2017 for $23,200. The current assessed value of $27,500 suggests a modest increase in line with market trends, but a professional appraisal and market analysis would be needed to determine its current market value.