Property Overview: 459 Lyle Street, Deer Lodge, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Deer Lodge offers a practical and comfortable living space. Its key features include a renovated basement, a detached garage, and a manageable 1,046 sqft layout on a near 4,800 sqft lot. The data reveals a nuanced picture: while the living space is typical for the immediate street and neighborhood, the property holds an above-average assessed value for the area, suggesting desirable qualities or updates not fully captured in square footage. Built in 1954, it is a newer home compared to many in Deer Lodge, potentially meaning fewer immediate concerns with aging core components.
The appeal lies in its established, quiet neighborhood setting and the value derived from the renovated basement, which adds functional living space. It suits first-time homebuyers looking for a solid starter home with some modern touches, or downsizers seeking single-level living with a manageable yard and extra storage/workspace provided by the detached garage. A thoughtful perspective is that this home represents a "middle ground" investment—it’s not the largest or smallest on the block, but its above-average assessment for the street indicates it may be a standout in terms of condition or finish within its peer group, offering a smart balance.
Frequently Asked Questions
1. What does the above-average assessed value relative to the neighborhood indicate?
It typically reflects that the property’s estimated market value is stronger than many nearby homes. This can be due to factors like the renovated basement, overall condition, lot desirability, or specific upgrades that add value beyond basic size metrics.
2. Is the living space sufficient for a small family?
At just over 1,000 sqft plus a renovated basement, the home could work for a small family, utilizing the basement as a crucial flex space for a playroom, office, or additional bedroom. The single-storey main floor layout offers convenience.
3. What are the implications of the home being built in 1954?
Constructed in the mid-1950s, the home likely has traditional construction materials and methods. While newer than many area homes, a professional inspection is still advised to review the condition of original elements like plumbing, electrical, and the roof.
4. How does the lot size compare?
The lot is fairly typical for the street but is below the neighborhood average. This means a smaller, more manageable yard for maintenance, but potentially less private outdoor space than some other properties in Deer Lodge.
5. What can past sale data tell us?
The home last sold in October 2019 for $30,800. This historical price point, significantly lower than its current assessed value, primarily shows market appreciation and the impact of the renovations completed since then. It underscores the added value created through updates.