Property Summary: 425 Winchester Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Deer Lodge is a practical and value-conscious offering. Its key characteristic is a recently renovated basement, adding immediate functional living space to the 1,073 sqft main floor. The lot is a notable asset, sized at 6,001 sqft, which is above average for the Deer Lodge neighbourhood, offering ample outdoor potential.
The appeal lies in its position as a relatively newer build (1953) for the area, providing a balance of established community charm with potentially fewer immediate maintenance concerns than much older peers. The home suits first-time buyers or downsizers looking for a manageable single-level layout with a move-in-ready basement, or investors seeking a property with a strong land-to-structure ratio in a stable neighbourhood. Its assessed and recent sale values position it as a below-average priced option on its street, suggesting an entry point into the area.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,073 sqft of living area (plus the renovated basement), the main floor is below the average for Winchester Street itself but is around the average for the broader Deer Lodge neighbourhood.
2. What is the significance of the lot size?
The 6,001 sqft lot is a standout feature, ranking above average for Deer Lodge. This offers more private outdoor space than many neighbouring properties, which is a valued commodity.
3. Is the 1953 build date an advantage?
In this context, yes. While 73 years old, it is a significantly newer build compared to many homes on its street and in Deer Lodge, where average build years are from the late 1930s to early 1940s. This can suggest different construction materials and layouts.
4. Why is the assessed value lower than some averages?
The home’s assessed value is below the average for Winchester Street and city-wide benchmarks. This typically reflects the property’s specific characteristics (such as living area) relative to peers and is a factor in its property tax calculation, not necessarily a direct market price.
5. Was there a recent renovation?
Yes, the basement has been renovated. It is recommended to inquire about the scope, permits, and quality of this renovation, as it is a key upgrade that adds functional space to the property.