Property Overview & Key Characteristics
431 Truro Street is a one-and-a-half storey home in Winnipeg's Deer Lodge neighbourhood, built in 1950. Its key appeal lies in its balance of established character and relative value within its immediate area. With 1,122 sqft of living space and a renovated basement, the home offers practical, updated space. It sits on a 4,379 sqft lot, which is a comfortable size for the street but notably smaller than many other lots in the wider Deer Lodge area—a point for buyers to consider based on their need for outdoor space.
The home’s assessed value is well above average for both the street and the neighbourhood, suggesting it has been maintained or improved in ways that outpace many nearby properties. This was reflected in its recent sale price. The detached garage adds practical storage or workshop potential. Its appeal is grounded: it’s a solid, updated home on a friendly street, not a showpiece, but a comfortable and well-regarded option within its local context.
This property would suit first-time buyers or downsizers looking for a move-in ready home in a stable, established neighbourhood without the premium of a newer or larger lot. It would also appeal to value-conscious buyers who prioritize a home with above-average condition and assessment for its immediate area over having the largest yard on the block.
Frequently Asked Questions
How does the lot size compare?
The lot is fairly typical for Truro Street itself but is below the average lot size for the broader Deer Lodge neighbourhood. This means ample yard space for a deck or garden, but less privacy or room for expansion than some other homes in the area may offer.
What does the "above average" assessed value indicate?
An assessed value ranking in the top 25% for the neighbourhood often points to desirable improvements, good condition, or favourable attributes not captured in basic metrics. It can signal a well-maintained property, but it's wise to review what specific renovations were done.
Is the living space typical for the area?
At 1,122 sqft, the living area is slightly above average for Truro Street and very close to the average for Deer Lodge. It represents a comfortable, mid-size footprint for the neighbourhood.
How does the recent sale price relate to the assessed value?
The home sold for significantly more than its assessed value, which is common in active markets. This indicates that buyer demand and perceived value exceeded the municipal assessment for taxation purposes.
What is the context of the "one-and-a-half storey" design?
Common for its era, this style often features main-floor bedrooms or a primary bedroom on the main level with additional space in the upper half-storey. This can be appealing for those seeking some separation of space or a layout that avoids all bedrooms being on a single full second floor.