Property Overview: 451 Albany Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This is a modern, two-storey home built in 2023, offering a move-in-ready opportunity in the established Deer Lodge neighbourhood. Its primary appeal lies in its exceptional newness and above-average interior space for the area. With 1,510 sqft of living area, it ranks in the top 12% of homes in Deer Lodge, providing more room than most local comparables. The home features a renovated basement, adding to its functional space.
The property stands out for its elite assessed value relative to its immediate street and neighbourhood, suggesting it is viewed as a premium asset. However, this comes with a trade-off: the land area is notably smaller than typical for the area, ranking in the bottom 3% in Deer Lodge. This creates a low-maintenance yard but less private outdoor space.
This home would ideally suit buyers seeking modern construction without sacrificing interior square footage, and who prioritize a new-home warranty and contemporary finishes over a large garden. It’s also a strong fit for those looking for a property with a high perceived value and assessment basis within a mature community.
Frequently Asked Questions
1. Is this a brand-new home?
Effectively, yes. It was built in 2023, so it is only a few years old and likely still under the original new home warranty, offering significant peace of mind compared to older homes in the area.
2. Why is the assessed value so high compared to nearby homes?
The assessment reflects its status as a very recent build with modern materials, systems, and finishes. It's valued among the top 1% of properties on its street and in Deer Lodge, indicating it's considered a premium, updated asset compared to the neighbourhood's generally older housing stock.
3. What are the implications of the smaller land size?
The lot is compact, which means lower maintenance for gardening and yard work—a potential plus for busy professionals or those wanting a lock-and-leave lifestyle. The trade-off is less potential for expansions like large decks, sheds, or extensive landscaping.
4. How does the living space compare practically?
With 1,510 sqft, the home offers substantially more interior room than the Deer Lodge average (~1,197 sqft). This means more functional space for families, home offices, or entertaining indoors, which compensates for the smaller yard.
5. What might the previous sale history indicate?
It last sold in January 2020 for $140,000, which was likely for the vacant land or a teardown prior to the 2023 rebuild. The current price and assessed value reflect the value of the newly constructed home, not the old sale price.