Property Overview: 425 Truro Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This two-storey home in Deer Lodge presents a practical and comfortable living space. With 1,144 square feet of living area, it offers more room than many homes on its own street, ranking in the top 29% locally. The property features a renovated basement and a detached garage, sitting on a 4,379 sqft lot that provides a good balance of yard space and low maintenance.
Its primary appeal lies in its established neighborhood setting and its relative value. The home's assessed value is notably below average for the Deer Lodge area, which could indicate a potential value opportunity for a buyer, especially when compared to its last sale price in 2021. Built in 1950, it is actually newer than many homes in the wider neighborhood, suggesting well-built vintage character without being among the oldest.
This property would suit first-time homebuyers or practical downsizers looking for a move-in-ready home with some updated features (like the basement) in a mature community. It’s also a sensible fit for value-oriented buyers who prioritize functional space and lot size over a brand-new build, and who see potential in a home priced below area averages.
Frequently Asked Questions
1. How does the living space compare to the area?
The home's living area is above average for Truro Street itself and about average for the broader Deer Lodge neighborhood, offering a comfortable size for a smaller household.
2. What does the "below average" assessed value for Deer Lodge mean?
The assessed value is in the bottom 25% for the Deer Lodge community. This doesn't reflect quality, but can sometimes indicate a more affordable entry point into the area compared to neighboring properties.
3. Is the lot size a pro or a con?
It depends on your priorities. The lot is smaller than most in Deer Lodge, which means less yard maintenance. However, it is still a good-sized city lot that provides decent outdoor space and ranks around average city-wide.
4. The home was built in 1950. What should I consider?
While 76 years old, it's actually newer than the average home in Deer Lodge. Buyers should still prioritize a thorough inspection typical for a vintage home, focusing on the roof, foundation, and major systems, while also noting the renovated basement.
5. How does the last sale price relate to current value?
The home sold for $270,000 in late 2021. Market conditions have shifted since then. The current assessed value is significantly lower, but a professional market evaluation is essential to determine its present fair market value, as assessments and sale prices are calculated differently.